BC Advantage - 2017 Issue 3

BRINGING IN A NEW ASSOCIATE Future Friend or Foe?

By Debra Phairas, PresidentPractice & Liability Consultants, LLCThe biggest mistake to avoid in bringing in an associate is saying “let’s see how it goes with being an employee and we will figure out the partnership terms in a couple of years.”  That is a recipe for disaster!  Hence my title, “Friend or Foe.”   An open, trusting, fully transparent long term partner Friend relationship is the goal. You do not want to create a Foe or possible competitor when the new associate decides to leave and set up a practice...

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