Checklists for Adopting a Part-Time Partnership Program

Source: Accounting Today

The typical part-time partner:

• Works 1500 to 1800 hours.
• Developed a new niche for the firm.
• Is motivated to succeed.
• Is loyal to the firm.
• Won’t go back to full-time.

If your firm wants to employ part-time partners:

• Develop a written agreement setting forth the expectations of both the firm and the part-time partners.
• Make sure your remote accessibility technology is the best.
• Be flexible—no one arrangement will serve all part-time partners.
• Create a compensation committee that isn’t obsessed with billable hours.

It’s not a one-way street. Part-time partners should:

• Understand that the arrangement must be mutually beneficial.
• Find or develop a niche.
• Focus on success.
• Be ready to communicate with the office at all times.

From Accounting Today, August 6, 2007, SourceMedia Inc., One State Street Plaza, 27th Floor, New York, NY 10004, 800-221-1809. For the complete article, click here, then select the article Part-Time Partners: A Look at Your Future.