Dallin Drescher

Lawyer | Mergers and Acquisitions, EC/VC, Outside General Counsel

big fan of @byufootball @broncos and @monsterenergy

[Dallin Drescher @UTDealAttorney]

@writeclimbrun @heyitsalexsu There needs to be another row for “fixing garbage generated by ai” lol

[Jacob Aldridge @jacobaldridge]

@UTDealAttorney You no longer drink White Monster. The IV drip on your backpack administers it as required throughout the day - alternating between direct blood stream boosts and a nasal drip for flavor.

[Dallin Drescher @UTDealAttorney]

@danielcberk “It’s my first day but I REALLY like it” lol

[Dallin Drescher @UTDealAttorney]

@JohnAllenBain From an actual lawyer no less hahaha. This week is ready to be done

[Dallin Drescher @UTDealAttorney]

Called non-equity partnership defrauding clients is quite the statement about your legal judgment

[Garrett @GarrettGone55]

@UTDealAttorney It’s basically fraud. “This title misleads clients, can I please have it?”

[Dallin Drescher @UTDealAttorney]

@BarExamTutor Also fwiw my “bait-and-switch” reference was referring to lawyers complaining about firms promising partnership after so many years and then giving non-equity partnership.

[Dallin Drescher @UTDealAttorney]

My general sense is that most non-lawyers don’t know the difference and don’t care. Most in-house lawyers know the difference and don’t care when hiring outside counsel. Some in-house lawyers only want equity partners but fewer than you would think.

I disagree that it’s misleading/deceitful because it still is the same stamp of approval/experience/competency from the firm. Just like how many small firms have “partners” who may only share a small piece of equity of the firm, I don’t think their pay structure affects the ability to truthfully hold themselves out as a “law firm partner” which is a title that has taken on a different meaning from a partner in a partnership.

[Dallin Drescher @UTDealAttorney]

@writeclimbrun Probably. He spoke a lot of Latin. Threw me off my game

[Dallin Drescher @UTDealAttorney]

I disagree with probably 98% of what Alex Cooper says but I don’t hate this clip. A woman (or man for that matter) should never stay in a relationship just because they feel trapped in it.

[Ezydu @ezradulis]

"Call Her Daddy" host Alex Cooper & actress Sophia Bush: if a woman is questioning whether she can do better than her current husband, "the answer is always yes."

"This idea that it's too late or you're too old, or who are you to want more, that's patriarchy. That is crazy."

[Dallin Drescher @UTDealAttorney]

Yeah I don’t think any client cares about the ownership they’re just looking for the stamp of approval that they are competent and don’t need supervision. Which is kind of what counsel is supposed to be but unless you’re familiar with how law firms operate doesn’t convey it very well.

Many businesses have partners and managers that aren’t identified as such in the companies organizational documents it’s not that weird

[Dallin Drescher @UTDealAttorney]

@Suethehumanrace @GarrettGone55 How the firm gets paid sure

How the firm pays its people I don’t think that’s ever given transparently to clients in any industry nor does it need to be

[Dallin Drescher @UTDealAttorney]

@GarrettGone55 There is nothing fake about the title. How you are compensated is irrelevant to clients

[Dallin Drescher @UTDealAttorney]

The year is 2048. Your ai bot is ordering you lunch - it sensed what would be appetizing to you based on the 6 different wearables you have placed throughout your body. The robot making your chipotle bowl weighs the ingredients out precisely every time. You request an extra 2.6 ounces of artificially engineered chicken for a surcharge of $23. Your bot has noticed that your diet has been missing on some healthy fats so it splurges on some guac -$40. A drone picks up your bowl and deposits it precisely at your desk. $132. All paid for in bitcoin. Your smart contact lenses instantly expense it and upload a picture of your meal to X. Life is good.

[Jon Con Esq. @SteelToeScribe]

All true. And in a New Yawwwker

Bigger issue and more interesting convo is why tf everything is so expensive - not how poor we are

Abso insane how much child care costs 😂

Like 20k a month was a good salary one generation ago, let’s chill

Chipotle is gonna cost 80 bucks a bowl in 5 years

I grew up in a world where if my mom gave me 20 bucks I’d make it last for a week or two. I spent that on a thin salad today for 1 of my 3 meals not taking into account dependents

[Dallin Drescher @UTDealAttorney]

@FilthyMcN @SteelToeScribe Agree 100%

[Dallin Drescher @UTDealAttorney]

It’s interesting to me how much hate the non-equity partner structure gets. Commonly touted as a bait-and-switch by firms. But I think it’s pretty dang fair and lawyers generally prefer it to the alternative.

If you’ve got a big enough book, you can leverage equity partnership. If not at your current firm then at another. But if you don’t, and NEP isn’t offered by your firm, you’re stuck being a 10th-year associate or special counsel or whatever title they want to come up with that is very clearly not a Partner.

Guess what? It’s harder to win clients, specially big ones, when you don’t have the partner title. So many lawyers prefer the NEP track just for the implicit credibility that comes with being called a Partner.

Sure, it’s not true partnership. But you weren’t getting that anyways. In many ways it offers a more natural stepping stone.

FWIW, my firm does not offer non-equity partnership, and it is frequently requested to be considered as an option by lawyers who don’t have a large enough book for equity partnership. I can see the arguments for both sides, but I don’t think NEP is inherently unfair or misleading.

[biglawbro @biglawbro]

this one goes out to all my non-share partners barely making a mil

who had families in NYC w the idea that they'd be able to save money, buy summer homes and have power over their careers

but who instead commute hrs to work and spend wknds dancing to the tune of the typo-laden emails thumbed by the share partners making an order of magnitude more

this was not the deal. lawyers were supposed to be able to become kinda rich

but the partners who came before you decided that they'd become mega rich and you'd stay vulnerable

nobody weeps for you bc you look great on that web page but damn you got fucked

[Dallin Drescher @UTDealAttorney]

I do think there’s a somewhat taboo “death sentence” that comes with income partner at K&E and similar firms which may explain why people in your network are resistant to it

They probably also feel less of a need to prove themselves when pitching clients because the name of the firm carries more weight

[Dallin Drescher @UTDealAttorney]

The mental gymnastics to have ND at 3 but BYU not even in the field is wild

Plus an LSU team on track to have 5 losses this year

[J.D. PicKell @jdpickell]

2nd time’s the charm

[Dallin Drescher @UTDealAttorney]

@CJRealHoops2 I mean it makes sense based on what Bear said but he also says that Bear committed to BYU instead of ND so obviously doesn’t do that much research lol

[Dallin Drescher @UTDealAttorney]

@Michellek4040 I mean if yall win out you’ll have the wins to get in but that’s no small task lol