Presentation: Admitting New Partners

April 20

Admitting a new partner to your law firm is a big decision. Since it is essentially allowing someone else to own a part of your firm, it is important to get it right.  Decision steps include figuring out how much equity to make available and at what price. Existing owners want to understand the impact of sharing more ownership. Other considerations include debt guarantees, assumption of contractual obligations, compensation, and the adjustment of equity interests among existing owners.

The brief 13-minute presentation shown below outlines the key points that law firms should consider when admitting a new law firm partner.  Play it now. 


Admitting New Partners from PerformLaw on Vimeo.


 

Some law firms are admitting new partners for the first time and need assistance in developing a process to ensure that the experience is positive and financially sound. Other firms already have a process but need objective advice about one or more of the critical factors. Wherever your law firm is with admitting new partners, PerformLaw has extensive experience helping firms admit new equity owners and focus on a fair and positive process.  

 


Make the right decisions quickly.

PerformLaw can do the math and keep the process moving so you can focus on your work and on your client's priorities

Contact us now to get started. 

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