The Amazing son in law Chapter 6840
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“Typically, it takes a lawyer between five and ten years to gain the necessary experience. If they excel in their role, we will consider them for a promotion along with a salary increase. Those who perform exceptionally well may even be included in our partnership initiative.”
“You are already familiar with the partnership initiative. It consists of a salary and stock option incentive structure. Once a lawyer joins this initiative, they will attain a quasi-partner status. This means they will receive a higher salary and certain stock options. These options will be gradually vested and exercised over a span of five to ten years to encourage their commitment to Ellis and maximize their contribution to our firm’s value.”
Jimmy raised his hand to interject: “This is all well-known information. What I really want to understand is how the black material operates and what specific compromising information you have on them.”
“Well…” Knight replied, slightly taken aback, “When a partner makes significant contributions and earns a promotion to senior partner, we have to plan for the future. Senior partners are extremely capable and often have their own clientele. Their demands will continue to grow. They may request a larger share of options or even seek a seat on the board of directors. Unfortunately, our options are limited. A company’s total shares can only amount to 100%. Everyone desires a piece, but ultimately, that pie becomes smaller and smaller, leading to potential dissatisfaction among senior partners. To manage this, we will engineer a series of opportunities for them to err.”
“Our law firm’s objective is to ensure that every senior partner makes mistakes that leave a trace. It’s akin to placing a remote-controlled bomb in their hands; whether it detonates or when it does is entirely at the discretion of the board of directors.”
Knight continued to influence Jimmy, stating, “Jimmy, don’t overthink this matter. You will eventually be part of the board of directors. At that point, you will understand that those senior partners out there are essentially our revenue-generating tools. Their performance is crucial; they need to excel in their roles to bring in profits and value for the law firm, allowing us to enjoy substantial cash flow each year. In other words, they are our workhorses, and we must secure them with the strongest restraints to prevent them from leaving.”
Jimmy nodded in agreement, saying, “I grasp your point, but my focus now is on obtaining the specific compromising materials on these individuals.”
Knight assured him, “Don’t worry, I will send you all the information right away. However, Jimmy, it’s imperative that you keep this information strictly confidential. If those individuals become aware of it and decide to retaliate, it could result in significant losses for us.”
As he spoke, Knight began sending documents to Jimmy one by one.
After reviewing the materials, Jimmy’s expression darkened.
It turned out that those senior partners, who seemed comparable to him on a day-to-day basis, had been led into various illegal activities over the years, leaving behind a significant amount of incriminating evidence. Almost all of them had engaged in actions that could lead to prison sentences of over five years. Moreover, if these actions were exposed, they would face not only imprisonment but also the permanent loss of their ability to practice law.
After digesting the information, Jimmy turned to Knight and said, “I truly appreciate your willingness to include me in the board of directors. However, I feel that the stock options offered, which amount to 100,000, fall short of my expectations.”
He added, “Furthermore, I believe you’ve underestimated my loyalty. You’ve prepared a five-year contract for me, but I am committed to working for Ellis for another ten years!”
At this moment, Jimmy had clarity about his situation. Initially, Charlie Wade had not offered him any financial support and expected him to travel to China to assist, which effectively cut off all his income. He and his family would have to rely on their savings. However, later on, Charlie Wade provided an opportunity for him by asking Steve to endorse him, ensuring that the Ellis Law Firm would continue to pay him a salary over the next ten years, while also reserving a 30% share for himself.
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