Photo: Chadchai via Adobe Stock To Accept or Not to Accept a Nonequity Partner Position
The firm you are excited to join makes you the offer you have been waiting for, but the offer is for a nonequity partner position. What should you do?
October 22, 2024 at 02:00 PM
7 minute read
When making a lateral move, there are many factors to consider when evaluating an offer from a new firm. What should you do when the firm you are excited to join makes you the offer you have been waiting for, but the offer is for a nonequity partner position?
Candidates facing this decision often wonder if they should accept an offer as nonequity partner. Why did the firm not offer you a position as an equity partner, and how is this offer different? If you are currently an equity partner, is this a step back? How will this affect how you are perceived within the firm? How will this impact your compensation? Does this mean that you will not be able to achieve the goal of becoming an equity partner?
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