Should Managing Partners Drop their Books of Business?

Your firm deserves a full-time leader.

By Ed Mendlowitz
The CPA Trendlines Practice Doctor

QUESTION: About a year ago I became the managing partner of my 50-person, six-partner firm. We gross about $7 million. I still maintain my book of business, which is about $1 million, and have 1,000 chargeable hours.

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Needless to say, I have been working very hard, about 2,700 total hours, yet my partners are complaining I do not have enough chargeable time and I tend to agree with them, but do not know how I can increase these hours.