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I received an email from a soon-to-be US KPMG director. They candidly told me that their biggest weakness, and one which would stop them taking their next step up to director, was their fear of public speaking. With so many firms requiring their potential senior managers, directors and partners to present to a panel, overcoming…
In this post, we look at how to build a Business Case for partnership when you are in industry and looking to return to practice as a partner. After working with people aiming to make partner, we know that considerable numbers of people are returning from industry into practice. Incentivised by the chance of finally achieving…
It’s an interesting dilemma – should I take the offer of partnership, or should I start my own practice? It’s also a dilemma faced by the lucky ones. The accountants, lawyers or consultants who have got to the point in their career where they are a hot property. This was a question posed to me…
From the Big 4 (KPMG, PWC, E&Y, Deloitte) down to the smallest firms, acceptance as an equity partner means you will need to resign as an employee, become self-employed, and invest some capital into your firm. This capital is often called ‘buy-in’. In return for this capital stake, if the year is a profitable one, you…
Let’s take a look at the differences between a fixed share equity partner, (or as it is sometimes called fixed-share partner), a full equity partner, or a salaried partner. There is a big difference between these three different types of partners. This is based on an extract from my book ‘How to make partner and…
In this article, I share with you the clues which you need to be looking for to understand what the partners will require from the future firm’s partners. Regardless of whether you are a lawyer, accountant or consultant, these clues will form part of your personal and business case for partnership. Firstly, technical ability will…
Following on from last week’s blog post on what you need to do before you start writing your personal business case for partnership, we are now considering in the last part of this 2 part blog post, (Part 1 here) a vital step to making partner – building up your fan base with the partners in…
Following on from last week’s blog post on what you need to do before you start writing your personal business case for partnership, we are now considering in this 2 part blog post, a vital step to making partner and achieving this last hurdle – building up your fan base with the partners in your…
When you are admitted to the partnership you are in effect becoming an owner of the firm. Similar to buying a share of a company, when you become a partner you need to buy in to your share of your Big 4 firm. This article explores how much it costs to become a partner in the…
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