Asked and Answered
By John W. Olmstead, MBA, Ph.D, CMC
Q. I came across your firm while researching law partnerships. The short story is as follows: I am a sole practitioner and have been practicing for over 35 years. I have a high volume practice and employ 7-8 people. Business is good and actually on the rise. I have a great office manager and outstanding loyal staff. The practice is on semi-autopilot for me. I have a young associate lawyer in my office that shares space and is learning my practice but actually seems to be making his own way in a different practice area. He wants to buy into my practice.