Editor's letter: Don't give up

As any managing partner will tell you, the current market conditions have made managing a partnership harder than ever before.

There are issues of getting partners and fee-earners to perform at the right levels, to implement their fee arrangements well and to put client relationships before personal interests.

There are also wider concerns about meeting the firm’s financing needs, as well as improving firmwide risk and quality management processes, to ensure retention of clients in an increasingly competitive market.

Meanwhile, there may even be stories of some high-billing partners bullying and harassing underperforming partners.

So, short of throwing in the towel, what should managing partners do?

This issue of Managing Partner shares how others have handled similar situations and provides practical advice on what to do – and what not to do.

And, if it is time to remove some underperforming or badly behaving partners from the firm, read on to find out how to get them to leave quietly.

Until next month,

Manju Manglani, Editor

mmanglani@wilmington.co.uk