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	<title>Comments on: Law firms as Ponzi/MLM schemes?</title>
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	<description>Observations and ideas</description>
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		<title>By: Rick Colosimo</title>
		<link>http://rickcolosimo.com/2008/08/law-firms-as-ponzimlm-schemes/comment-page-1/#comment-3</link>
		<dc:creator>Rick Colosimo</dc:creator>
		<pubDate>Tue, 02 Sep 2008 20:02:00 +0000</pubDate>
		<guid isPermaLink="false">http://rickcolosimo.com/?p=10#comment-3</guid>
		<description>Wow, just about the time I wrote this post (and long after I first thought about it) three articles popped up, sort of related to one another.&lt;br/&gt;&lt;br/&gt;First, a Dealbook &lt;a HREF=&quot;http://dealbook.blogs.nytimes.com/2008/08/20/a-partnership-solution-for-investment-banks/&quot; REL=&quot;nofollow&quot;&gt;post&lt;/a&gt; talks about the notion that maybe I-bank troubles would have been different had the banks remained partnerships.&lt;br/&gt;&lt;br/&gt;Then, Prof. Ribstein &lt;a HREF=&quot;http://busmovie.typepad.com/ideoblog/2008/08/the-deal-profes.html&quot; REL=&quot;nofollow&quot;&gt;replies&lt;/a&gt;  that the key to his &quot;partnership-esque&quot; structures is really about relationship of the managers to the firm than it is about black-letter corporate structure.&lt;br/&gt;&lt;br/&gt;And finally, to come full circle and then some, Dealbook &lt;a HREF=&quot;http://dealbook.blogs.nytimes.com/2008/08/25/can-lawyers-successfully-run-public-law-firms/&quot; REL=&quot;nofollow&quot;&gt;asks&lt;/a&gt; whether law firms can or should be public! &lt;br/&gt;&lt;br/&gt;The trifecta is more than enough to convince that I&#039;m not always the only one thinking about these things.</description>
		<content:encoded><![CDATA[<p>Wow, just about the time I wrote this post (and long after I first thought about it) three articles popped up, sort of related to one another.</p>
<p>First, a Dealbook <a HREF="http://dealbook.blogs.nytimes.com/2008/08/20/a-partnership-solution-for-investment-banks/" REL="nofollow">post</a> talks about the notion that maybe I-bank troubles would have been different had the banks remained partnerships.</p>
<p>Then, Prof. Ribstein <a HREF="http://busmovie.typepad.com/ideoblog/2008/08/the-deal-profes.html" REL="nofollow">replies</a>  that the key to his &#8220;partnership-esque&#8221; structures is really about relationship of the managers to the firm than it is about black-letter corporate structure.</p>
<p>And finally, to come full circle and then some, Dealbook <a HREF="http://dealbook.blogs.nytimes.com/2008/08/25/can-lawyers-successfully-run-public-law-firms/" REL="nofollow">asks</a> whether law firms can or should be public! </p>
<p>The trifecta is more than enough to convince that I&#8217;m not always the only one thinking about these things.</p>
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