What should I be reading or researching? First gen lawyer here, always been small firm. I’m at a 2 attorney firm now and was just approached about becoming a partner. The boss wants to clean up the books so I can review them and we can discuss. Other than professional connections, I have no idea where to turn for info/insight. I’m definitely interested, but obviously this is a big decision, so I don’t think a “partner? Sure, I’m in” is appropriate.

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Have they spoken to you about partnership buy-in costs? Or are they proposing partnership (title with salary but no partnership management obligations or distributions)? Do you have a sense of why they’re asking now? You haven’t said how many years of experience you have. I’d be concerned about sharing the liability 50-50 at a 2-attorney firm with far less experience than the current partner. On the other hand, if you’ve been there since you got out do school and think this is the “normal” timeframe to make partner, maybe no such concerns.

I am a little concerned about the time. I’m 5 years into practice, year and a half here. Our first conversation was to gauge my interest. He’s getting everything in order for a more serious conversation.

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