Ownership Structure in Professional Service Firms: Partnership versus Public Corporation

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Background Note | HBS Case Collection | October 2004 (Revised July 2006)

Ownership Structure in Professional Service Firms: Partnership versus Public Corporation

Abstract

This case reviews the relative merits of partnership and public ownership structures in professional services firms. It also evaluates the various rationales for converting partnership professional services firms to publicly owned firms. Finally, the case highlights the leadership challenges associated with making conversions from partnership to public structure successful.

Keywords: Private Ownership; Transition; Partners and Partnerships; Public Ownership; Service Industry;

Format: Print

9 pages

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