If the proverbial financial “pie” is adequate, everyone shares accordingly, each in reasonable proportion to their effort expended in the firm’s financial success, including the added benefits that accrue by being part of a group. However, if the “pie” is less than adequate to compensate partners in relation to their perceived and real contributions, many difficult issues have to be addressed.
Without regard to the actual size of the firm, any level of growth poses inherent problems involving the management of the individual lawyers, facilities and resources. The attorney in the smaller firm may be able to keep informed about the firm’s activities by personal observation and involvement, while his or her counterpart in the larger organization may have to rely more on the official lines of communication. In a manner appropriate to the circumstances, each of the attorneys will be adequately served so long as some formalization of the management processes have been imposed to ensure adequate control over all of the firm’s affairs.
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