Law firms are struggling to attract and retain dedicated, motivated, reliable associates who are truly ready for practice. Adding to the frustration of many firm leaders: increased compensation and bonuses are ineffective in solving the associate retention puzzle.
The business owners must have an agreement restricting stock holding to family members. The succession of ownership should be set up so that in the event of marriage, divorce, death, disability, or retirement, ownership is kept within the bloodlines of the family.
Comments
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cmsmasters
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cmsmasters
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