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A leader is anyone who influences others. Not every leader is an effective one. —The Tilt Institute
Partner autonomy has long been heralded as a distinct strength of many firm cultures. It empowers entrepreneurial action, fosters a sense of ownership and accompanies individual initiative. It exists alongside the right to vote in many law firm business structures today, suggesting the voice of each partner carries weight and ought to be heard. At a personal level, autonomy is a hallmark trait. Lawyers embody it at a greater level than average folks, according to research by Dr. Larry Richard. Autonomy, though, brings with it not only strength, but also liability.
Law firm leadership extends beyond formal titles. It encompasses most roles — from associate to finance manager to senior counsel — that manage, direct or otherwise engage regularly with those around them. As business owners, partners hold significant sway. They are nearly always, regardless of formal title, leaders in their firms. Their decisions — and opinions — on client development, matter management, staffing, and firm policy directly impact the firm's culture, profitability and long-term trajectory.
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What Law Firms Need to Know Before Trusting AI Systems with Confidential Information In a profession where confidentiality is paramount, failing to address AI security concerns could have disastrous consequences. It is vital that law firms and those in related industries ask the right questions about AI security to protect their clients and their reputation.
During the COVID-19 pandemic, some tenants were able to negotiate termination agreements with their landlords. But even though a landlord may agree to terminate a lease to regain control of a defaulting tenant's space without costly and lengthy litigation, typically a defaulting tenant that otherwise has no contractual right to terminate its lease will be in a much weaker bargaining position with respect to the conditions for termination.
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As the relationship between in-house and outside counsel continues to evolve, lawyers must continue to foster a client-first mindset, offer business-focused solutions, and embrace technology that helps deliver work faster and more efficiently.
Practical strategies to explore doing business with friends and social contacts in a way that respects relationships and maximizes opportunities.