How Will You Choose Your Next Managing Partner?

Business people having meetingTwo questions to consider.

By Robert J. Lees, August J. Aquila and Derek Klyhn

The role of managing partner is just too important and too complex to leave the selection of the appropriate candidate to chance.

MORE ON LEADERSHIP: Four Key Questions for Managing Partners | Research, But Also Be Ready to Act | Leader Training Is Time Well Spent | Managing Partners Must Remember Partners’ Needs | 5 Questions About Your Firm’s Direction | Like Herding Cats: Partners Must ‘Walk Together’

With the scale of the challenges firms are facing, no firm we know can afford not to identify and develop a group of partners with the ability to successfully take on the role of managing partner in the future. READ MORE →

When Is It Time to Merge?

Ed Mendlowitz CPA The Practice Doctor Q and AThe answer is personal, but certain questions can help you decide.

By Ed Mendlowitz
The CPA Trendlines Practice Doctor

QUESTION: I have a 20-person, five-partner firm, and am frequently approached by larger firms that want me to merge into them. I own 60 percent of the practice, and am 20 years older than the next oldest partner. Should I merge? I am happy with my situation and am inclined to let my younger partners decide what they want to do. READ MORE →