What does “all of their time and attention” mean?
I’ve read hundreds of partner agreements over 20 years and I am unable to meaningfully distinguish between the following:
- Partner duties (what partners must do to keep their jobs)
- Partner prohibitions (what partners cannot do)
- Grounds for expulsion (what actions partners may do that are serious enough to cause their dismissal from the firm)
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I’ve seen countless different ways that these items are presented in partner agreements. For years I’ve asked these questions:
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