Law Firm Managing Partners Reveal Their Most Important Contributions

Our next few posts will examine the role of law firm managing partner.

In April 2010, we asked 70 managing partners of mid-sized law firms to tell us what they believe to be their most important contributions in their roles as firm leaders. Here what they said:

1) Initiating change to ensure long-term success
2) Managing day-to-day administrative affairs
3) Building and maintaining consensus among shareholders
4) Maximizing partner income

"Managing day-to-day administrative affairs" at #2? As CEOs, managing partners should not get bogged down in the day-to-day administration. We believe that function is better left to a competent and trusted firm administrator.