What are the consequences and considerations if a key person, or fee earner, within your firm is unable to work? Do you have adequate protection in place to mitigate against the risks of this?
Key to any successful SME law firm, is stability. The ramifications of losing a partner or key person may disrupt a firm beyond the difficulties of recruiting an appropriate replacement. It could affect business continuity, staff morale and disrupt client relationships. In addition, a firm could lose a technical or knowledge skillset that is difficult to replace. Finally, there may be cash flow and other financial difficulties to navigate if a fee earner is unable to continue working.
This guide will help you to:
This guide was created by Wesleyan Bank, endorsed partner of the Law Society.