ENG2408. New Partners in Established Firms: What to Know, What to Ask (EDG, PRA)

If you are a new Partner, looking to become a new Partner or you are looking to add a new Partner, this is the session for you. In this session we will interview new and seasoned Partners and discuss the conversations they wish they had before signing the Partnership agreement. We will explore the effect that unclear expectations can lead to discord within the Partner group. In addition, we will explore how the partner group can better communicate to new or younger partners to share the WHY in WHY things are done a certain way and how the existing partners must be willing to hear new ideas and processes from the new partners. We will also share some best practices for firms to deliver their expectations, training and onboarding of new Partners into an existing Partnership structure.

Learning Objectives:

• Recognize how younger partners perceive their new role in an existing partnership.
• Identify the topics that need to be included in the partnership agreement prior to signing.
• Recognize the value of a Partner in Training program.