A $20,000 retainer


Shouldn't Ms. Drake have been classed as an asset by being on retainer?

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No, she was an employee of the law firm, but her fee would've been charged to Brewster's account.

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Except she was fired prior to Brewster retaining her.

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Hmmmm. This is a good question. I guess since she's not really a lawyer yet, she officially can't be counted as being on retainer so he really just gave her $20,000 to go to school. Maybe it could be looked at like he paid her for a service. That service being eventually going to law school so she can eventually represent him?

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She wouldn't be any different than any other employee at that point.

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Being at least initially a law firm employee, I wouldn't have thought she'd be legally recognized as an asset.🐭

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