Ask Snap-D: Handling equity partner inequities

Ask Snap-D

By Sandra Napoli-D’Arco

Looking for advice on how to grow your solo practice or build your small, midsize or large law firm? Send all legal marketing, business development, strategic planning and firm management questions to Sandra@snap-dmarketing.com. Responses to reader questions will appear anonymously in Ask Snap-D every Wednesday. Sandra Napoli-D’Arco, founder and president of Snap-D Marketing Inc., is a legal marketing and business development consultant. She has led marketing and business development teams and initiatives for firms with national practices.

Posted August 16, 2017 2:43 PM

Dear Snap-D: We have shareholders who are bringing in less business than nonshareholder partners who would like to make equity status. This is a difficult situation and since we’re a small partnership, it’s difficult to address. Thoughts?A: It seems pretty obvious to me what needs to be done. A shareholder should know their responsibilities to their fellow partners. If they are not holding up their end of the bargain because of temporary circumstance, the partnership can understand and move on.However, if it is …

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