Gary Adamson
How Many Charge Hours for Managing Partners?
- Monday, 15 June 2015
Most CPA firm partners ask the question a little bit differently. It goes something like: “We have X amount of revenue and Y number of partners, so how many chargeable hours should our managing partner have compared to the other partners?” And the next question usually is: “How big should the managing partner’s book of business be compared to the other partners?"
Read more...Building Your Bench for Succession
- Tuesday, 10 June 2014
Thousands of firms are working through the succession and retirement of senior partners and deciding along the way if they can pull it off internally and stay independent. The single most important factor for success is what we see when we look over our shoulder – is the bench of people there to succeed us? It is that simple but for many firms building that bench has been a daunting task.
Read more...Admitting New Partners: Succession Best Practices
- Friday, 10 January 2014
As we work through the succession and retirement of senior partners in our firms, a lot of us are also reviewing and updating our internal documents and agreements. A key part of the update should be focused around how we bring new partners into the firm to replace the "old guys".
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