BONUS: Six ways to prepare for the role.
By Kristen Rampe
The Role of the Managing Partner
The next wave of CPA firm leaders is here, and millennials are already making the best of this role as leaders in smaller firms.
MORE: 44 Hard-Earned Tips from New Managing Partners | Partner Compensation: A Potent Weapon | How Long Should It Take to Make Partner? | The Managing Partner’s Role in Mergers | Five Ways to Evaluate Partners | Manage Partners with Goal Setting
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To understand and share the perspective of this up-and-coming group, we interviewed eight millennials who are relatively new to the position of managing partner.
Revenue for the firms averaged $2.3 million, with two equity partners and a total FTE headcount of 15. Some of their views on the role of the managing partner were traditional, while others were somewhat unconventional. This group is pioneering some interesting changes because they are less restrained by historical approaches.
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