Well run firms take multiple steps to ensure the transition of leadership and revenues of the firm from the partners of today to the partners of the future. It is commonly known that a Life Insurance Buy Out plan should be in place (in the partnership agreement and backed by insurance) for transition planning should […]
Posts Tagged ‘partnership agreement’
Partnership Agreement and Buy Out Insurance – What you wish you knew before your partner got disabled.
February 5th, 2013
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How to fix your partnership agreement now so you don’t fight about insurance later
July 25th, 2012
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Your law firm partnership agreement is a working document for the firm as well as a guide to what would happen should the partnership end. Most agreements lack direction when it comes to dealing with the professional liability insurance in the event of an ending to the partnership. It is well accepted by firm partners […]
