Sarah Rushton explains how to let underperforming partners go with a minimum of fuss
When dealing with underperforming partners, emotions can run high. The remaining partners may resent carrying dead weight, the outgoing partner may feel betrayed. However, in a difficult market, weeding out underperforming partners could be vital for survival. How painful and disruptive the process is depends upon the skill of the lawyers advising the partnership and the ability of those in charge to manage the outgoing partner’s exit with dignity.
