what does “all of their time and attention” mean?
i’ve read hundreds of partner agreements over 20 years and i am unable to meaningfully distinguish between the following:
- partner duties (what partners must do to keep their jobs)
- partner prohibitions (what partners cannot do)
- grounds for expulsion (what actions partners may do that are serious enough to cause their dismissal from the firm)
more: quick tip: partners investing in clients | deciding how to allocate partner income | making partner: today’s 15 essential skills and traits | how to specify managing partner duties | when votes must be taken, what are the options?
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i’ve seen countless different ways that these items are presented in partner agreements. for years i’ve asked these questions:
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