1993
DOI: 10.1017/cbo9780511627477
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William Empson

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Cited by 51 publications
(9 citation statements)
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“…While this was not much of a problem in the past when the law practice was still small and did not have significant capital needs, things are no longer the same for most of today's big law firms. 175 One important reason for such difficulty is that a law firm lacks a firm-binding asset to be sold to attract and retain outside investors, and thus can only obtain equity financing from lawyer-partners. 176 However, because law firms are essentially work cooperatives whose income is generated by highly mobile professional employees, such equity does not exist beyond the exit for death of partners.…”
Section: V12 Partnership or Corporate Law Firms?mentioning
confidence: 99%
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“…While this was not much of a problem in the past when the law practice was still small and did not have significant capital needs, things are no longer the same for most of today's big law firms. 175 One important reason for such difficulty is that a law firm lacks a firm-binding asset to be sold to attract and retain outside investors, and thus can only obtain equity financing from lawyer-partners. 176 However, because law firms are essentially work cooperatives whose income is generated by highly mobile professional employees, such equity does not exist beyond the exit for death of partners.…”
Section: V12 Partnership or Corporate Law Firms?mentioning
confidence: 99%
“…18 In the UK, law firms have been permitted to incorporate since 1992, and many have converted to the UK limited liability partnership ("LLP") after it became available in 2001. 19 Germany followed suit in 1999 to allow law firms to limit partners' vicarious liability by incorporation, 20 which is realized in practice mostly through the well-known GmbH form. 21 More recently, however, partnership has lost its upper hand in the competition with newer hybrid organizational forms.…”
Section: Introductionmentioning
confidence: 99%
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“…. 15 The example of Jane Austen's 'punning' that Empson offers is germane to the question of an economic/affective interface and indeed is thoroughly Marxist in its implications. It comes from the first page of Mansfield Park, a book which implicitly exposes the economic foundation of late eighteenth-century polite society (the security of Mansfield Park and its humane values depends, we learn, on the success of its owner's West Indian plantations) and explicitly raises the question of the economic foundation of eighteenth-century marriage customs.…”
Section: Dr Johnson and Jane Austenmentioning
confidence: 99%
“…[…] Decir que el dogma no influye en la sensibilidad es absurdo" 45 . Solo se puede ejercer la deseable crítica a la vista de un ideal antecedente, como señala Gomá, "la crítica presupone el ideal mientras que una crítica sin ideal da en charlatanería. "…”
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