Law Firm Leaders: Partnership

Law Firms Opt for New Partnership Models
You’ve struck a committee to review the firm’s partnership arrangements. How can you find a happy medium to make both associates, and partners, happy?

Open or Closed Compensation Programs
Traditional professional partnership values support an open program as consistent with partners entitled to see the books and records and their desire for a transparent partnership.

Fostering a Winning Practice Group: What New Leaders Need to Know
Commitment to the group is essential to a successful practice team, but sometimes easier said than done in the legal world, where individuality is respected and management skills are usually not part of the curriculum.

Yes, you can manage effectively while maintaining a practice!
It can be a daunting task - managing a law firm of any size while maintaining a legal practice. But you can learn to juggle both.

Tenure trap: the question of managing partner term limits
For many years, there has been a quiet and uneasy controversy within firms on whether to limit the tenure of the firm leader.

Make Partners Face Up to Each Other at a Firm Retreat
When combining law firms, or seeking greater cohesiveness within any firm, no tool is more effective than face to face communication among lawyers in an all-firm meeting. Retreats bring together partners to confront tough issues, change the firm's direction, focus on a strategic plan, and develop a consensus.

Planning Ahead for Partner Retirement
Perhaps no issue leaves firms as directionless as lawyer retirement. Much has been written on practically all other firm management issues. But when it comes to lawyer retirement, there is very little guidance—until now.

Selecting a leader: do we know what we want?
If you read many articles or books on the desired qualities of a CEO or a managing partner, you can get very confused. The list of desirable character traits, attitudes, skills, and philosophies seems endless.

Successful transitions: the new managing partner
Can anything really prepare you for those initial days in your new role as managing partner? Just when you feel you’ve reached the peak of your career by building a successful practice, you may realize that you still have some things to learn. You also may face some real challenges settling into your new role.