The life and financial journey of a law firm partner
In this special episode of The Lawyers Weekly Show, produced in partnership with Commonwealth Bank, we explore the myriad fiscal considerations for law firm partners across various stages of their careers and how best they can look after themselves.
Host Jerome Doraisamy speaks with Commonwealth Private’s national director of professional services, Alen Sirol, and Clayton Utz’s former chief executive partner, Bruce Cooper, about the importance of financial guidance across the life cycle for law firm partners, why such considerations are so critical, whether the legal profession does a good enough job of communicating the need for good fiscal management and navigating fluctuating market challenges at various intervals of one’s career.
The trio delve into the factors for consideration when one is aspiring to the partnership, becoming a new equity partner, transitioning to a senior partner, and once one has exited a firm partnership. The group also discusses the importance of proactivity, practical steps that must be taken, and broader advice for partners of all stripes.
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