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Relying on partner investment rather than borrowing

Since the recession, firms have increased paid-in partner capital levels to lessen their reliance on bank debt

, The American Lawyer

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In 2006 Dechert was facing a potentially budget-busting task: During the next 18 months, it would need to relocate its three largest offices. Capital expenses were expected to skyrocket from single-digit percentages to a third of annual earnings.

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