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Defining the Role and Development of a New Managing Partner
A partner of a mid-sized, Philadelphia-based law firm recently elected to chair his firm's newly constituted management committee called me to talk about how he may learn about his newly acquired job of managing his firm. “It is humbling and a privilege to be entrusted with the role of Managing Partner of our firm,” said this partner. “Of course, initially it raised the existential question raised by the great philosopher, Groucho Marx: 'Do I really want to be Managing Partner of a firm that would have me as its Managing Partner?'”
While the volume of available information about managing law offices is expanding, information is not readily available about what, specifically, should be the “hands-on approaches” that managing partners and members of management committees should embrace to coalesce their partners, associates and staff into a well-managed and informed organization, with all of the professional and administrative personnel working together to achieve both the firm's immediate and longer-term objectives.
After years of analyzing the personal and professional styles of lawyer managers of successful (and not so successful) law firms, three inescapable conclusions have become readily apparent to me: 1) The authority of lawyer management is derived from the willingness of partners to be managed; 2) Partners in most law firms perceive themselves as being owners of the firm, having certain prerogatives and independence, not as employees to be “managed,” and 3) Law firms have their own personalities and cultures, and management techniques that may be effective in one firm may be marginally or not successful in another.
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Yachts, Jets, Horses & Hooch: Specialized Commercial Leasing Models
Defining commercial real estate asset class is essentially a property explaining how it identifies — not necessarily what its original intention was or what others think it ought to be. This article discusses, from a general issue-spot and contextual analysis perspective, how lawyers ought to think about specialized leasing formats and the regulatory backdrops that may inform what the documentation needs to contain for compliance purposes.
Hyperlinked Documents: The Latest e-Discovery Challenge
As courts and discovery experts debate whether hyperlinked content should be treated the same as traditional attachments, legal practitioners are grappling with the technical and legal complexities of collecting, analyzing and reviewing these documents in real-world cases.
Identifying Your Practice's Differentiator
How to Convey Your Merits In a Way That Earns Trust, Clients and Distinctions Just as no two individuals have the exact same face, no two lawyers practice in their respective fields or serve clients in the exact same way. Think of this as a "Unique Value Proposition." Internal consideration about what you uniquely bring to your clients, colleagues, firm and industry can provide untold benefits for your law practice.
Risks and Ad Fraud Protection In Digital Advertising
The ever-evolving digital marketing landscape, coupled with the industry-wide adoption of programmatic advertising, poses a significant threat to the effectiveness and integrity of digital advertising campaigns. This article explores various risks to digital advertising from pixel stuffing and ad stacking to domain spoofing and bots. It will also explore what should be done to ensure ad fraud protection and improve effectiveness.
Turning Business Development Plans Into Reality
This article offers practical insights and best practices to navigate the path from roadmap to rainmaking, ensuring your business development efforts are not just sporadic bursts of activity, but an integrated part of your daily success.