From 89b5ae9ddc220ca4af4408d242523cea3f019e90 Mon Sep 17 00:00:00 2001 From: Issac Dang Date: Wed, 5 Aug 2026 07:18:03 +0800 Subject: [PATCH] Add The Promoting Legal Professionals Trap --- The-Promoting-Legal-Professionals-Trap.md | 1 + 1 file changed, 1 insertion(+) create mode 100644 The-Promoting-Legal-Professionals-Trap.md diff --git a/The-Promoting-Legal-Professionals-Trap.md b/The-Promoting-Legal-Professionals-Trap.md new file mode 100644 index 0000000..8415fe5 --- /dev/null +++ b/The-Promoting-Legal-Professionals-Trap.md @@ -0,0 +1 @@ +
Sometimes in healthy firm cultures one partner may need to carry the other partner for a while. Frequently, partners start out making even contributions and down the road contributions change (often due to life or family changes) and are no longer in alignment. However, some firms do not want to practice as team-based firms - they want to practice as groups of individuals. However, many smaller firms do still use objective or formula based systems. When level of contributions change - in a healthy partner culture - the partners will be able to talk to each other and sit down and discuss an alternative arrangement that makes sense for them. However, until level of contributions change - I have often seen 50% arrangements work well in two attorney firms that are looking to build a Firm - rather than simply their own practice and earn as much money as they can for themselves. However, my partner looked at the numbers for 2011 and realized that she made about a third more money last year, both in terms of actual dollars for her work and in terms of origination. SRC:MixSentence, IDs:292498F6;24F2A662;6273BD03;75B58E06;B8DD8A69;7B5B1B10;8138F748;A76408B8;24F0BE8E;60570297;A38F7233;E73F66B8;FE559C13;DCA74BA0;AD2F6436;FBF2111E;D3D3811C;5A7835D3;5AD61E1B;F42FD8B5;8AA5A084;0F354E03;DDF36E88;31FB9E5A;FCA73D64;5D6BC154;AC3A313C;FAD9CA2D;7366FF1E;4391146F;D16FA106;D70F9551;4001EF39;183CDF30;18073D02;F27F9419;693E86BD;12AE9F64;F1E7E33A;9827A045;E504825E;DE273586;3EFFCA51;953A87C9;AFF4A005
Sounds like you are both putting in about the same time investment in the firm and commitment even though one’s numbers are higher.
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