This is not another article about great leadership characteristics. It’s about the weak and inept leaders and what partners need to do to change the current situations.
Partners need to stop kidding themselves regarding the effect of weak leadership on their firms. Ineffective leaders do more harm than good. Now is the time to rise in arms and perhaps show weak and ineffective leaders the door. So much has been written about good leadership. But what do firms do when their leader is not good?
We know that a successful leader needs energy, passion and vision to tackle the challenges facing firms today. But there are degrees of successful leaders. Leadership is not just black or white. It falls on continuum from inept to extremely competent. It’s not an easy task leading a law firm today. There will always be Monday morning quarterbacks (your other partners) to tell you what you should have done.
I’m sure that many of you could add to this list, but here are some of the sure-fired signs that a firm has weak leadership.
Poor leaders have several traits in common. They usually have a low level of self-esteem. And while they may appear to be confident, they lack faith in themselves. They are often bullies.
Here are some common traits that I have observed in these leaders:
In many small and mid-size firms, the ineffective leader is often the founding partner. Sometimes, the managing partner inherited the position because of tenure or book of business, not because of his or her management skills and talents. And other times the partners elect the person they think will best serve in that position without giving attention to the person’s leadership temperament, style or skills.
When partners find themselves with a weak and ineffective leader, they need to take ultimate responsibility and assume control of the firm. While this is not an easy task, it is one that is critically necessary for the future livelihood of the firm. It’s important to put the issue out on the table without blaming anyone in the firm. The partners need to work together to develop a transition plan that saves the firm and also the face of the current managing partners.
This is probably one of the most emotional situations that will arise in the firm. And while the partners may feel their firm is unique, I can tell you from first-hand experience that more firms suffer from some sort of weak and ineffective leadership than strong and effective leadership.
Partner action can range from helping the managing partner to become more effective, actually asking the managing partner to step down to imploding the firm. With the help of a neutral third party, here is how you can take some action:
Ideally, you want to make sure that the process is done fairly and the individual is treated with respect. Your staff will judge you on your actions. It better for everyone if the current managing partner can save face and retire or step down with grace, rather than to retire with a burning ship behind.
Remember, an ineffective leader can be more than just ineffective. The individual can be the death of the firm. The primary activities of an effective leader are to drive the firm’s strategic agenda, to set goals, assign responsibilities and help the partners grow professionally and personally. If a leader does not do these things, nothing else may matter.
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Aquila J. Aquila
Aquila Global Advisors, LLC
A long-time member of the MPF Faculty, August works with both accounting and law firms on a variety of issues, including mergers and acquisitions, succession planning, and compensation systems. He can be reached at 952.930.1295 or AAquila@AquilaAdvisors.com.