Bringing in New Partners
Tactics for bringing in new partners have changed dramatically. And with succession planning put on the front burners of so many firms today, there is a heightened interest in developing programs for bringing in new partners.
We work with firms to address the following:
- What should be the criteria for promoting staff to partner?
- How should they be compensated?
- What should their ownership percentage be?
- What should their buy-in be?
- What voting rights should they have?
- How do they participate in the firm’s retirement plan?
- How do their duties change once they become partner?
How to Bring in New Partners: A Guide for Firms and Future Partners
As partners approach retirement age, they naturally focus on who can take their place and eventually write their retirement checks. Prospective new partners often have a lot of questions about what becoming a partner entails. Many firms either aren't sure how to bring in new partners or have outdated approaches for doing so.Learn More
“Rosenberg's book on bringing in new partners was great. I will share it with some of my partners. I think it will be a good tool in helping to educate some of the up and coming managers on what we are looking for in future partners.”
Al Kutchins, Partner
Kutchins, Robbins & Diamond, Ltd.