The American public still believes in immigration, free trade, debt reduction, and tax reform,
sometimes by large margins.
The pricing for such a move to a
larger firm usually involves: (1) a compensation cut for the acquired lawyers, a function of higher overhead and thus lower operating
margins in many
larger law firms; (2) the need for a profit for the acquiring firm to be derived from the work and revenue generated
by the new addition; and
sometimes (3), a deal feature that allows the acquired lawyers to monetize and harvest some of the built up value in their firm that would otherwise be lost if they were to wind down.