What a Managing Partner Is… and Is Not

Why some firms decide they don't want a true managing partner.

By Marc Rosenberg, CPA
Author of CPA Firm Management and Governance

Over the years, I have found that many firms lack a clear understanding of what a Managing Partner is.  Often, it’s a negative conception, caused by a bad experience at their current firm or a previous one.  So, to avoid a repeat of these bad experiences, the partners decide either not to have a MP or to provide for the MP position with greatly limited authority and responsibility.

Marc Rosenberg

Marc Rosenberg

More on CPA firm leadership and management: When Is It Time to Shift Your Firm from Partnership-style to Corporate-style Governance?    De-Bunking the Myth about Niche Marketing for Tax and Accounting FirmsPractice Development Is No Longer an Optional Activity10 Good Ways the Achieve Partner AccountabilityPick Your Partners Right to Begin With • 

The points below clarify what a Managing Partner IS and IS NOT.

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