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 Wyoming State Bar offers free law practice management consulting services through Red Cave Law Firm Consulting.

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

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