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Aspiring Lawyers - Applications & General Advice
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Law firms as a business- Doubt
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<blockquote data-quote="Jessica Booker" data-source="post: 86637" data-attributes="member: 2672"><p>I don't know about HL specifically, but depending on the firm and how they structure themselves, they can work financially in any of the ways you have suggested. Some will be fully integrated and will split profits evenly, some will work on franchises, some work on regional hubs and for the profits to be split only within their hubs.</p><p></p><p>Whatever the model though, someone has thoughts about what works best for that firm and ultimately it is revenue and profit (both short and long term) that will determine which financial model a firm chooses.</p></blockquote><p></p>
[QUOTE="Jessica Booker, post: 86637, member: 2672"] I don't know about HL specifically, but depending on the firm and how they structure themselves, they can work financially in any of the ways you have suggested. Some will be fully integrated and will split profits evenly, some will work on franchises, some work on regional hubs and for the profits to be split only within their hubs. Whatever the model though, someone has thoughts about what works best for that firm and ultimately it is revenue and profit (both short and long term) that will determine which financial model a firm chooses. [/QUOTE]
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