Best Practice: Law Firm Structure - Sole Owner vs Having Partners
Asked and Answered
By John W. Olmstead, MBA, Ph.D, CMC
Q. I am the owner of an eight-attorney insurance defense firm in San Antonio, Texas. I have been practicing fifteen years. I am forty-five years old. Many of my peers in firms my size are in partnerships. Is my situation unusual? Should I consider having partners?
Judge Debra Walker, former President of the Illinois Bar Foundation, is the recipient of the 2017 National Conference of Bar Foundations (NCBF) Excellence Award. The award, to be presented at the NCBF midyear meeting in Miami in February, recognizes an outstanding contribution to law-related philanthropy by an individual. Prior to her election to the Cook County Circuit Court in 2008, she was a partner at the law firm of Clausen Miller, P.C. where she concentrated on professional liability matters.