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)
MORE: Quick Tip: Partners Investing in Clients | Deciding How to Allocate Partner Income | Making Partner: Today’s 15 Essential Skills and Traits | How to Specify Managing Partner Duties | When Votes Must Be Taken, What Are the Options?
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