{"id":46282,"date":"2016-01-12t05:00:16","date_gmt":"2016-01-12t10:00:16","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=46282"},"modified":"2024-08-14t11:28:19","modified_gmt":"2024-08-14t15:28:19","slug":"how-client-transition-is-abused","status":"publish","type":"post","link":"\/\/www.g005e.com\/2016\/01\/12\/how-client-transition-is-abused\/","title":{"rendered":"partner retirement and the war for clients"},"content":{"rendered":"

\"retirementbonus checklist: 8 best uses for a retiring partner.<\/strong><\/p>\n

by <\/span><\/i>bill reeb<\/span><\/i><\/a> and <\/span><\/i>dominic cingoranelli<\/span><\/i><\/a>
\n卡塔尔世界杯常规比赛时间 \/ succession institute<\/span><\/i><\/a><\/p>\n

once a firm is ready to phase out a partner in retirement, it’s time to move on to the client transition process. but this is the single most abused part of the entire succession process.<\/p>\n

more on performance management:<\/b> best practices for mandatory retirement<\/span><\/a> | <\/span>how retirement issues affect succession planning<\/span><\/a> | <\/span>7 succession questions to ignore for now<\/span><\/a> | <\/span>how partner ratings factor into equity<\/span><\/a> | <\/span>the pitfalls of equity allocation and reallocation<\/span><\/a> | <\/span>cpa firm performance assessments: 15 core competencies, 21 questions<\/span><\/a> | <\/span>what having your employees\u2019 backs means<\/span><\/a> | <\/span>5 harmful management attitudes (and how to fix them)<\/span><\/a><\/p><\/blockquote>\n

the reason why this part of the process is the most abused is because both sides \u2013<\/span> the partner nearing mso (henceforth referred to as retiring partners or retired partners) and the remaining partners \u2013<\/span> are motivated to do the wrong things. for example, it is in the best interest of retiring partners to not transition their clients because if they don\u2019t, the firm will need to keep them around to continue to work on them after mso. if this isn\u2019t bad enough, because they did not transition their clients properly, the retired partners have a great deal of leverage since they are now entitled to their full retirement pay and still have control over some or most of their client base. this allows the retired partners to gain additional benefits from the partner group by basically reselling their clients to them again. unfortunately, this situation is more the norm than the exception.
\n read more →<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\"retirementbonus checklist: 8 best uses for a retiring partner.<\/strong><\/p>\n

by <\/span><\/i>bill reeb<\/span><\/i><\/a> and <\/span><\/i>dominic cingoranelli<\/span><\/i><\/a>
\n卡塔尔世界杯常规比赛时间 \/ succession institute<\/span><\/i><\/a><\/p>\n

once a firm is ready to phase out a partner in retirement, it’s time to move on to the client transition process. but this is the single most abused part of the entire succession process.<\/p>\n

\n

more on performance management:<\/b> best practices for mandatory retirement<\/span><\/a> | <\/span>how retirement issues affect succession planning<\/span><\/a> | <\/span>7 succession questions to ignore for now<\/span><\/a> | <\/span>how partner ratings factor into equity<\/span><\/a> | <\/span>the pitfalls of equity allocation and reallocation<\/span><\/a> | <\/span>cpa firm performance assessments: 15 core competencies, 21 questions<\/span><\/a> | <\/span>what having your employees\u2019 backs means<\/span><\/a> | <\/span>5 harmful management attitudes (and how to fix them)<\/span><\/a><\/p>\n<\/blockquote>\n

the reason why this part of the process is the most abused is because both sides \u2013<\/span> the partner nearing mso (henceforth referred to as retiring partners or retired partners) and the remaining partners \u2013<\/span> are motivated to do the wrong things. for example, it is in the best interest of retiring partners to not transition their clients because if they don\u2019t, the firm will need to keep them around to continue to work on them after mso. if this isn\u2019t bad enough, because they did not transition their clients properly, the retired partners have a great deal of leverage since they are now entitled to their full retirement pay and still have control over some or most of their client base. this allows the retired partners to gain additional benefits from the partner group by basically reselling their clients to them again. unfortunately, this situation is more the norm than the exception.
\n read more →<\/a><\/p>\n","protected":false},"author":1644,"featured_media":47104,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"129943,138048,133674,136951,129835,133578","_relevanssi_noindex_reason":"","footnotes":""},"categories":[2327,2259,1908,2371,2374,2274,3120,3002,2297,9,2298,2301],"tags":[4278,3958,2429,4281,643,715,572,4283,38,1416],"class_list":["post-46282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-innovation","category-leadership","category-management","category-mergers-acquisitions","category-pay-compensation","category-pricing","category-pro-member-exclusive","category-special","category-staffing","category-strategy","category-succession","category-talent","tag-billing-rate","tag-cpa-billing-rates","tag-earnings","tag-fee-structure","tag-hiring","tag-jobs","tag-pay","tag-pricing-rates","tag-salary","tag-wages","membership-content","access-restricted"],"acf":[],"yoast_head":"\npartner 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