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Leading stallions: 11 rules of engagement for equity partner meetings

Vicky Brackett suggests 11 rules ?of engagement for equity ?partner meetings

20 November 2012

Managing partners are charged with identifying strategic goals for a law firm and driving that strategy forward. A key challenge for any managing partner is leading the partners on that journey.

The equity partnership is a curious model for driving change. The owners of the business and those doing the business are one and the same. Many expect and are entitled to be consulted on key decisions.

A vote on a particular issue can never be guaranteed to turn out how one might expect. A ‘no’ vote to a key strategic move could be seriously detrimental not only to the firm’s direction but also to the managing partner’s tenure. This can mean that, if there is no clarity on strategy, no cohesion at equity level and difficult decisions to make, the partnership is at risk of feeling fragile.

The managing partner has to work ...

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