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Partnering Requires Careful Balancing
Law partnerships are fragile, volatile enterprises that can easily become unglued, regardless of how careful the partners were at the outset or how financially successful they become.
There is no single reason why partnerships fail, but some general factors seem to exist, the most usual being economics. When a firm is highly profitable, the interpersonal relationships among and between its partners are easier. When cash is in relatively short supply, partners may question each other's contributions or may believe they are not being compensated in relation to their contribution to the firm.
Another typical problem is the partner who allows insecurity, fear, jealousy and competition to interfere with his or her ability to collaborate. If left uncontrolled, these emotions can place partners at each other's throats.
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