When you admitted to the partnership as an equity partner, whether fixed share or full equity, you will be asked to make a large capital contribution to your firm. This means that you need to do your due diligence on your own firm, before formally accepting the offer of partnership. One of the areas of …
Doing your due diligence: How to assess if your firm is solvent Read More »
In the last few posts I have been discussing the role of your support team to help you progress successfully through Partner Track. In today’s post, it is now time to look at your Mentor. How, if you use them properly, they can be your secret weapon. In this article, based on an extract from …
How does a Mentor help you build your Business and Personal Case? Read More »
The fundamental difficulty involved in the transition to partner is how to still hit your numbers whilst carving out time to build your Business Case and Personal Case for partnership. In fact, for a few years you are going to have two jobs: The day job, and then the extra one to build your own …
How do people on partner track waste precious time and effort? Read More »
Sometimes, the only opportunity you have to talk formally about your career ambitions is in your annual appraisal. This is a great opportunity to demonstrate your readiness for partner. However, many senior associates and directors blow this opportunity by not preparing properly for this very important conversation. In this article I will share with you …
How to safely demonstrate in your appraisal that you are ready for partnership Read More »
Most firms set a limit on the number of new partners they admit to the partnership each year. As a result the ones who make it have the strongest personal and business cases for partnership. Consequently, most senior associates in law firms and directors in the Big 4, accountancy, and consultancy firms are in competition with …
4 reasons why you should collaborate with your partnership competitors Read More »
In October 2014, I ran a webinar with Tara Fennessy on how to shortcut your way to partner. It was particularly aimed at people who are 0-3 years out from making partner in a mid-tier, Big 4 or large law firm. This is an extract from the webinar; Tara you’re on record for saying that …
3 ways successful candidates balance their time to make it through the partnership track Read More »
This week, many firms will announce who they are admitting to the partnership. If you are not one of the lucky few, it is time to take stock of why not. In this blog post, I explore the main reasons why people are often unsuccessful as they go through their firm’s partnership admissions process You’ve not …
6 common reasons why you didn’t get made up to partner this time around Read More »
This blog post explores what you need to demonstrate to get put on Partnership Track and then put forward for partnership when your firm does not have a formal process for admitting new partners. Many firms, including some very large top 50 UK based Accountancy and Legal firms, do not have a formal or structured …
You may know that you will be asked to submit a business case for partnership. However, the real question is what will you need to demonstrate, evidence or prove within what you submit? Wouldn’t it be nice if your firm provided a sample business case for partnership for you to see what they are looking …
5 essentials that need to go in your business case for partnership Read More »
