Asked and Answered
By John W. Olmstead, MBA, Ph.D, CMC
Q. Our firm is a personal injury, plaintiff's litigation firm in Denver, Colorado. I am one of three partners in the firm. We have one associate who has been with us for 12 years and three recent law grad associates with less than three years’ experience. The three partners started the practice together over 30 years ago and we are all in our early 60s. Our lease expires in three years and we need to think about the future of the firm. All three of us are not ready to retire but none of us want to sign another lease. When we do retire, we would want to retire at the same time. Do you have any suggestions?