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LAW FIRMS
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Articles on Leadership "Looking Ahead to 2008 and
Beyond: Unsure Economic Times" "Leadership in Law Firms:
Nature or Nurturing?" Key attributes for leadership in law firms are the ability to communicate a vision, to relate well to others and to listen well. Four experienced lawyers offer their views on leadership in law firms. Showing vitality and health is an essential component of effective leadership. Most agree there is a real need for more formal training, but the barriers are finding enough time and finding programs that are custom-built for law firms. One key to success is to be very selective in the initiatives that warrant attention. "2007 Resolutions for Law
Firms" Four resolutions for 2007 are described. These include comprehensive programs for associate development focused on workflow and workloads, successful implementation of firm business goals at the group level, less reliance on paper-based systems because of the associated infrastructure costs for firms, and comprehensive programs to strip out staff costs by re-designing law firm support infrastructure. Law firms must now compete for high-end work and cost is becoming a big factor for institutional and corporate clients. Qualified firms with 20% less cost have a competitive advantage today. "In Search of Leadership" The key to maintaining a competitive edge for a law firm is getting things done, often through other people. The article suggests that firms should invest more time and money in creating the "winning conditions" necessary to get partners to accept or stay on in key positions as Managing Partners and Practice leaders. "Good Management is Hard
to Get - and Keep" There is good evidence that investing in professional positions to deal with many non-billable professional matters pays dividends. The freed-up time can be spent on business development and on building up competencies. The article advocates practice groups even in small firms. It goes on to define non-traditional responsibilities for Managing Partners, supplemented by 4-5 measurable objectives. "Are Managing Partners
Obsolete?" The role of managing partner has evolved away from firm administration toward leadership and strategy. There are two important strategic considerations: knowledge management and a focus on learning. |
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