Asked and AnsweredBy John W. Olmstead, MBA, Ph.D, CMCQ. I am a solo owner of a small law firm in Southern Illinois and have been solo for ten years. I have two staff members in the firm. Recently I have been contemplating either bringing in a partner or joining another firm? What are the advantages and disadvantages?A. Partnership can offer its lawyers a measure of value independent of the skills, talents, and contributions of its individual partners?ProsThe advantages that the best law firms have over sole practitioners or groups of lawyers who share overhead include:Shared skills and expertiseBackup or additional help when neededA safety net during economic downturnsShared resources, such as technology, library and research access, forms, and work productsCross-selling and/or referral of workAccess to the expertise of lawyers in various disciplinesHighly trained associates, legal assistants, and support staffA firm name or reputation that makes marketing easierMore-sophisticated and highly skilled managementOpportunities for individual lawyers to become highly specializedA system of partner coaching that brings out the best in each partnerEmotional support, encouragement, and personal recognitionFlexibility that allows lawyers to be more involved in probono, community, and bar activitiesContinuation of the firm beyond the tenure of the current ownersCons