Asked and Answered
By John W. Olmstead, MBA, Ph.D, CMC
Q. I am the owner of a 20-attorney litigation firm in Seattle. The 19 associates are all in the same tier or category and are paid a salary plus bonus. Their time with the firm ranges from 1-15 years. I enjoy sole ownership but I realize that to continue to grow and prosper I must make some changes. I have recently lost several associates that I would have liked to have stayed with the firm. I am also getting stressed having all of the management responsibility since I currently make all of the decisions. Several associates have told me that the morale is low. I welcome your thoughts.