
THE MANAGING PARTNER AS CEO
The managing partner of a contemporary law firm assumes the pivotal role of a Chief Executive Officer, overseeing a multi-million dollar enterprise. Their primary responsibilities extend beyond daily operations to encompass the strategic direction of the firm, the cultivation of consensus among its partners, and the proactive implementation of changes necessary to ensure long-term success and sustained prosperity. This demands a comprehensive understanding of both legal practice and business acumen.
Effective leadership in this demanding role requires an exceptional individual, possessing a unique blend of skills. As Dr. Larry Richard astutely observes in his widely cited article on lawyer personalities, managing a law firm is often akin to ‘herding cats,’ demanding a nuanced approach. It necessitates a combination of strategic vision, resolute resilience, empathetic understanding, and superior interpersonal abilities. Above all, it requires an unwavering passion and steadfast commitment to the firm’s success.
The challenges inherent in this leadership position are rarely addressed in traditional legal education. For the majority of managing partners, the acquisition of these crucial skills occurs through on-the-job experience, often involving a steep learning curve.
This section is dedicated to providing access to a curated collection of resources, encompassing best practices in leadership, governance, and the multifaceted role of the managing partner, designed to facilitate their success.