[vikramkr]

Goldman sachs isn't a partnership, and the potential for corruption and nepotism is always huge in any structure. That's why they extend loans to new partners, but the whole point is that partners no longer take salaries, they are equity holders in the actual firm, and they're obviously not going to let just anyone become a partner because they have money. What exactly do you see as the difference here between having to buy your way into the partnership after the other partners vote and then taking equity versus being promoted to partner after the other partners vote and then taking a salary? Who exactly is supposed to own the law firm in the second case if not the partners?