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Red Cave Consulting Law Practice Management Tip


Howdy, Partner: What Law Firms Get Wrong About Partnership Agreements

Oh, this one’s easy.

Law firms don’t often have partnership agreements.  Especially small firms.

Which is kind of shocking, right?  Because, if a lawyer had a business owner for a client, said lawyer would most stringently advise that business owner to draft a partnership agreement, if that business owner was to enter upon a partnership.

So, why don’t more attorneys follow that sage advice?

Maybe it’s a lack of knowledge about how to draft a viable partnership agreement?

If that’s why you don’t have a partnership agreement, check out this excellent overview article on the topic from consultant, Arthur Greene, to learn more.

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Then, if you want to talk further about building a more successful law firm partnership, give us a call.

The Rhode Island Bar Association offers free law practice management consulting services through Red Cave Law Firm Consulting.                                                               

To request a consult, visit the Rhode Island Bar’s law practice management page, and start running your law firm like a business.