BONUS: Questions for self-evaluation.
By August J. Aquila
What Makes a Great Partnership
The responsibilities of a managing partner can be captured in the following two paragraphs:
General responsibilities include reporting directly to the governing committee and the firm, being responsible for the firm’s overall management and practice, supervising the overall marketing and business development effort, managing the professional staff and providing guidance for the support staff.
MORE: Managing Partner: The Toughest Job in the World | Eleven Things Partners Must Do | Seven Keys to Becoming an Equity Partner | How to Achieve Partner Unity
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Specific responsibilities include coordinating the firm’s practices among the different offices and departments, implementing the partnership agreement, appointing heads of various committees, representing the firm in community and professional organizations, supervising the functioning of the governing committee, overseeing the functioning of standing and ad hoc committees, providing guidance on financial policies and working with the governing committee to develop personal and administrative policies.
These are without doubt good areas, but are they the ones managing partners should focus on?
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