Russell Shapiro

Restrictive covenants are the prenuptial agreements of the accounting world.

While the governance structure of an accounting firm has little immediate client-facing impact, a firm must be well-governed to retain its people.

When partners retire, maintaining client relationships and providing clear expectations are important building blocks for a firm’s sustained success.

Numerous issues could prove challenging and even put deals at risk.

The wrong partner dynamics can torpedo (or at least slow down) a deal.