Greenberg's Rare Capital Call Unlikely To Spawn Copycats

Law360, New York (August 8, 2012, 9:32 PM EDT) -- Greenberg Traurig LLP's recent announcement that it planned to raise funds from its partners in a capital call was a rare move for the firm and one that isn't likely to be repeated at other firms looking to ward off economic uncertainties, experts said Wednesday.

The firm confirmed earlier this week that it had announced on a call in July that it was asking equity partners to contribute 1 to 5 percent of their salaries, which would be determined based on their compensation level. While the...
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