7 keys to becoming an equity partner
does everyone in your firm know what the expectations are?
by august j. aquila
what makes a great partnership
with the recent turn in the economy, equity partners are finding that there is no longer a lifelong tenure guarantee. senior managers and non-equity partners are wondering whether or not they even want to become equity partners.
more on great partnerships: five factors for measuring a partner’s value | the 6-step plan for transitioning clients | fighting restraining forces | chemistry and mutual respect matter | great cpa firm partnerships begin with trust | work together better in 11 steps | what makes a successful strategic plan? | innovate or die | partners love, hate leadership | 8 ways leaders destroy firms
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for the most part, firms have been selective about who they take into the partnership. however, when the economy was running hot and finding a warm body to fill spots was a real challenge, the partnership bar was certainly lowered in many firms. today, that bar is being raised again.
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