Overarching Authority That Managing Partners Must Have

Senior businesswoman holding portfolio16 items that don’t require formal votes. 7 that do. And 25 best practices.

By Marc Rosenberg
The Role of the Managing Partner

There is no better way to start this post than with a quote by Tony Kendall, managing partner of Mitchell & Titus, a large CPA firm with offices in New York, Philadelphia, Chicago and other cities. Tony said:

“I can’t manage this firm if I have to take a vote every time I want to make a decision.”

For managing partners to be effective, they must have the authority and flexibility to make decisions without first getting approval and without subjecting those decisions to the nitpicking and negativity that may occur when management decisions are open for debate and discussion.

MORE: Exceptional Managing Partners Offer Their Advice | Why Management Is the #1 Key to the Firm’s Success | Herding Cats: Advice for Managing Partners
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There are two caveats to this: