Two Great ISBA Member Benefits Sponsored by
A Value of $1,344, Included with Membership

Law Firm Governance


Asked and Answered 

By John W. Olmstead, MBA, Ph.D, CMC

Q.  I am the founder, majority partner (80 percent), and managing partner of a 22-attorney firm in Phoenix, Arizona. The firm practice is focused in the area of healthcare. There are 12 equity partners, five non-equity partners, and five associates. I manage the firm as a benevolent dictator. I am becoming overwhelmed trying to manage the firm and practice law and I believe the firm is now at a size where others must become involved in managing the firm. I have been considering forming a committee of all the equity partners to manage the firm. Your thoughts are welcomed.