The role of an equity partner
Firstly, it’s important to differentiate between the different kinds of partnerships in CICC. Unlike salaried partners – who get a salary and bonuses based on the performance of the firm – equity partners own a share in the business, meaning their income is directly linked to its profits.
Shareholders can either be fixed-share or full-equity partners. Fixed-share equity partners receive a pre-agreed cut from the firm’s dividends for the relatively small amount of money they have invested in the company, whilst also having a say in certain decisions.
On the other hand, full-equity partners own a more significant percentage of the firm’s shares, allowing them to assert themselves at all decision making opportunities. Equity Partners also take a sizeable portion of the profits generated by the company.
So, equity partners have a vested interest in making sure that the company continues to grow and attract clients.
Buying into a law firm and becoming an equity partner does not necessarily mean that you will receive a share of the profits straight away – you may need to wait a couple of years. In fact, it is not uncommon for equity partners to earn less than employees in the first couple of years as a shareholder. Therefore, equity partnerships need to be seen as a long-term investment pathway rather than a route to quick gains.
Projects that we are seeking continuedly Equity Partners:
Ongoing Businesses such:
Factories, Real Estate, Hospital Management, Gol Mining, Hotel malmanagement
several branches of the council
New Projects:
Stock Exchange
Investment Bank
Agriculture
Hotel
Hedge Fund
startups
Hospital Campuses & Medical Universities
Gold Trading
What are the responsibilities of an Equity Partner?
Equity partners have responsibilities that are very similar to that of salaried partners. However, in their position as shareholders they take on more responsibilities that concern the management of the law firm and its growth as a business.
Equity partners play an intrinsic role in the operation of the company, voting on key issues and influencing the firm’s direction of travel. Since they primarily assume managerial roles, equity partners are mostly involved in laying out the company’s business strategy and developing ways to increase profits.
As they are also the face of the company, they act as ambassadors of the firm in the legal industry. This involves raising awareness of the firm in the circle of potential clients and maintaining the business’ reputation. Additionally, they manage the client base and make sure that the law firm meets their needs.