Future partners should discuss a number of issues and divide responsibilities. Each partner can do their part of the work independently or with the involvement of contractors. It is also important to calculate the budget of the joint project, its risks and prospects.
At the beginning we imagine the
Example: Sergey and Pavlo are successful lawyers, each with their own The stage of client base. Pavlo specializes in corporate law, and Sergey – in criminal law. Before starting cooperation, they verbally agreed on the procedure for distributing profits and paying joint expenses. Later, they managed to attract many serious clients and open offices in other countries. After 2 years, Sergey decided that he wanted to open his own company and informed Pavlo about it. The question of distributing clients, office, obligations and team immediately arose. Sergey believed that he should take most of everything, since most of the clients were attracted by him personally. Pavlo categorically disagreed with this approach and believed that everything should be divided in half. As a result, the partners parted ways on a negative note.
Before starting cooperation, future partners should determine under rich people data what conditions they will The stage of terminate the cooperation. This should be spelled out in detail in the partnership agreement.
If we talk about the main profit distribution models of a law firm, they can be as follows:
1. Equal sharing
In this model, everything is simple and clear: all income is they give the perfect system to practice divided equally in proportion to the number of partners in the firm. If there are senior and junior partners in a law firm, then most of the profit can be shared between the senior partners, and the rest is distributed among the junior partners.
Owner model
In this model, the owner (rainmaker) attracts customers, bears the costs, but also takes all the awb directory profits. The company’s staff works for a salary, so at some point there may be a lack of motivation in such a team.
3. Lock step
This model involves dividing profits between partners based on their time in the company as partners. In the case of a new partner joining the company, he receives a certain share of the profits, which increases with each year of partnership.
