new partner vs. manager: what’s the difference?

smiling black businesswomanjob description: duties, voting, and non-solicitation.

by marc rosenberg

how are the duties and responsibilities of a new partner different from those of a manager?

more on partnership: 23 key provisions in a partner buyout | buyout: the flip side of buying in | research results: how firms pay new partners | what does buy-in buy? | how to structure partner buy-in | keys to bringing in new partners

 

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this is one of the grayest areas in bringing in new partners. common sense must prevail.