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Podcast: Lawyer Business Advantage
Episode: Partnership Agreements with Tamara Pow
Description:
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In this episode, Alay and Tamara discuss:Â
Key mistakes attorneys make in creating partnership agreements.Â
Profit sharing models at law firms.Â
Making sure the buy-in and buy-out both make sense.Â
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Key Takeaways:Â
Partnerships will evolve over time. Make sure you create flexibility in your agreement.Â
50/50 partnerships tend to create problems.Â
Lawyers are creative people – no two partnership agreements are going to be exactly the same.Â
There are three hats...