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Managing partners are being undermined by short-term thinking

By Manju Manglani, Editor, Managing Partner

25 March 2014

What is it that makes for a successful managing partner? Most recognise that
it is important to communicate well with and actively listen to both partners
and staff. But, beyond that, what does it take to be really effective in the role?

A broad range of skills and knowledge is required. This includes the ability to understand the firm's finances as well as the needs and motivations of lawyers from different backgrounds and generations. Even more important is being able to develop
a shared vision for the firm and to lead it through strategic decisions that will inevitably
have pain points for some. To do this, you need to be aware of how best practice in law
firm management is evolving. You also need to have the time, resources and training to perform your role well.

One of the most common complaints made by managing partners is not having the headspace to fully consider and plan for the firm's future - there...

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