Does everyone in your firm know what the expectations are?
By August J. Aquila
What Makes a Great Partnership
With the recent turn in the economy, equity partners are finding that there is no longer a lifelong tenure guarantee. Senior managers and non-equity partners are wondering whether or not they even want to become equity partners.
MORE ON GREAT PARTNERSHIPS: Five Factors for Measuring a Partner’s Value | The 6-Step Plan for Transitioning Clients | Fighting Restraining Forces | Chemistry and Mutual Respect Matter | Great CPA Firm Partnerships Begin with Trust | Work Together Better in 11 Steps | What Makes a Successful Strategic Plan? | Innovate or Die | Partners Love, Hate Leadership | 8 Ways Leaders Destroy Firms
Exclusively for PRO Members. Log in here or upgrade to PRO today.
For the most part, firms have been selective about who they take into the partnership. However, when the economy was running hot and finding a warm body to fill spots was a real challenge, the partnership bar was certainly lowered in many firms. Today, that bar is being raised again.
TO READ THE FULL ARTICLE
