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Firm culture can sabotage your success as managing partner

By Manju Manglani, Editor, Managing Partner

21 May 2015

Managing partners often struggle to measure the extent to which they have been successful in the role. Their impact on the firm's revenues, profits, number of lawyers and geographic spread tends to be considered most important. An often-overlooked measure of success is the way a managing partner has positively influenced the firm's culture. The way your people treat each other can make or break any strategic growth plans.

Rising short-term profits are rarely enough
to retain high performers when they are unhappy with the way things are done in an organisation. Countless top-ranking partners have left high-growth firms to establish successful and durable practices at firms that have cultures and values which are more compatible with their own.

What does the way your people treat each other say about your firm's culture? Do they willingly give support and take advice from colleagues? Do they act as sounding boards for the development of e...

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