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Partnership Issues
| New Partners | Good | Bad | LLC | Other |
New Partners
Don't Let Your Guard Down When Admitting New Law Partners
Despite long courtships, firms make mistakes. Are merit-based criteria the answer?
A Headhunter's Advice: How to Keep Your Lawyers
Most firms are susceptible to raiders. Learn who are the best targets and some lines of defense.
Partnership Still Eludes Women and Minorities at Large Law Firms
While most law firms are doing a better job of recruiting women and minorities, they often leave the firm before achieving partnership--especially top-tier graduates.
To Maintain Associate Leverage, Are Law Firm Partners Creating Future Risks?
Hiring new associates at minimum levels increases demands on existing lawyers and can leave the firm exposed when third-to-seventh year associates leave.
The Good
CPA Firm Owners Say Partnership Better Than Ever
The standard negatives still exist, but there are bright signs for the future.
Building Long-Term Competitive Advantage Through Partnering
Interview with Lawrence Friedman of Huthwaite, Inc.
How Six Principals Enjoy the Best of Partnership and Sole Proprietorship
See how honest assessment and thoughtful planning help each partner focus on what he or she does best--and makes everyone happier as a result.
The Bad
Preventive Measures Help Deal With Partners Who Have Become Unproductive
Scroll down the page a bit to find this article that can help you deal with one of the most difficult and unpleasant issues of partnership. A sidebar story offers tips for identifying unproductive partners.
Stress in Heirarchies
Studies show that partners are much healthier and suffer less stress than those lower in the organization.
Law Firm Partner Satisfaction Survey Finds Issues Still Loom Despite Return to ‘Prosperity'
Despite continuing high salaries, quality of life is still an important issue and historical camaderie is diminishing.
Limited Liability Corporations
The New Lexicon
Key definitions and explanation of the LLC classification
LLC History
LLCs are not new in the civil law of Europe and Latin America and represent a triumph of comparative law in action.
How Do LLCs Compare with Partnerships and Corporations?
An overview in simple language written for paralegals.
The Limited Liability Company: A New Answer to the Choice of Entity Question
Discussion of the key points in an outline format.
Other Issues
Retirement Questions That CPA Firm Partners Must Face Now
Be careful if your firm funds retirement out of cash or future income. See the sidebar survey results.
Inspiring Group Agreement
Effective tips for selling an idea (or service) to a group or committee.
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