Managing Partners

Size matters, and to be successful today you really have to be in that Am Law 50.

Alan Levin, managing partner of Edwards Wildman, commenting on the importance of being viewed as a “tier 1″ law firm in the overall Biglaw hierarchy. Levin identified possible merger partners by commissioning a study to separate firms into “tier 1″ and “tier 2″ groupings. Locke Lord was considered a “tier 1″ firm, and Levin will become vice chair of Locke Lord Edwards if the merger goes through.

I’m sitting in a Vancouver, BC coffee shop with Gerry Riskin, author of the Amazing Firms, Amazing Practices blog. We’re talking about leadership and the differing mindsets of lawyers and business people. Our conversation was prompted by Gerry’s mindset slide:

The Professional's Mindset and the Slight Edge Theory

I can relate. Early in my legal career, I worked with lawyers in leadership roles who wore this mindset like body armor. They did not inspire. They did not act in ways that moved people closer to a common goal. They often left a bad wake. They lacked awareness. They were not good leaders….

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Yesterday we wrote about a managing partner’s abrupt departure from her firm — a departure that the remaining members of management noted in a somewhat snarky email.

At the time, we didn’t know where she was headed. Now we know her destination — and we can understand why some of her former colleagues might be bent out of shape over her leaving.

Where did this prominent partner land, and what might happen to the firm she left behind?

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Here at Above the Law, we love ourselves a good departure memo. If a great one makes its way into your inbox, please feel free to send our way.

People write departure memos so they can frame their farewells — explain why they’re leaving, provide their new contact information, and thank the people who need to be thanked. But what about if a partner — a managing partner, no less, and one involved in a summer associate scandal from a few years ago — just quits without explanation?

In that case, the remaining members of management write her departure memo for her. And oh what a departure memo….

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Major law firms select their leaders in different ways. Some have a committee of partners do the picking, for example, while others have the outgoing leader designate her successor.

Rank-and-file partners often have little to no say in the selection. And, perhaps because the process is frequently run by a small group of people at the top, it doesn’t often come with much public drama. Yes, some firm leadership struggles boast intrigue worthy of Game of Thrones, but it’s generally kept under wraps.

At one prominent law firm, though, the entire partnership selects the managing partner in a firm-wide vote. This year’s election was contested — and not everyone is happy with the results….

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Qui Tam: OMP

Not “on my period.” Nor “one minute please.” I’m talking about “Office Managing Partner.”

Think I saw the initials on a business card once, and knew instantly and certainly I had encountered a type of man once colloquially known as a “knave”….

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As we’ve mentioned before in these pages, lawyers as a group are highly susceptible to addiction. The rate of alcoholism among lawyers may be twice as high as it is among the general population. If you think you or a colleague might have a substance abuse problem, try reaching out to a Lawyer Assistance Program for help.

Alcohol problems afflict the high and the low. As for the high, let’s tell you about a managing partner who needs to manage his drinking….

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Thumbs up, managing partners!

April Fools’ Day is a terrible day to be in this business. Every tip that comes in requires an extra layer of scrutiny because even longstanding, trusted sources are trying to troll. It’s really not all that funny to make up false but entirely believable stories and pass them off as real. That’s why the Daily Currant isn’t funny.

Which is why when Citi Private Bank issued its First Quarter report on the confidence of managing partners across the legal landscape and declared that managing partners have a rosy outlook, it earned a double take on this end. After all, wasn’t it just a few months ago that managing partners were telling the American Lawyer that it was all gloom and doom on the horizon?

So is this result real? It is, but the headline isn’t the end of the story….

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As discussed last week, I agreed to answer some questions from Professor Bill Henderson of Indiana University’s Maurer School of law in exchange for his kind agreement to be interviewed (parts 1 and 2 of that interview available here and here) for this column. This week, I conclude our exchange by answering his final three questions. In so doing, another year of writing for ATL will come to a close, and I wanted to take the opportunity to thank everyone who interacts with this column, whether as reader, commenter, interview subject, or editor. May 2014 be a year of success, health, and growth for us all.

BH: You have chided your fellow lawyers to give back to the next generation of lawyers. I certainly agree. However, between moral exhortation to do the right thing, or changing incentives within law firms, where should we focus our efforts?

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Seasons Greetings! We at Above the Law wish you all the best.

See how easy that was? Sure you can get fancy, like our Holiday Card Contest finalists, but sometimes the simplest solutions are the best.

What you don’t want to do is get yourself in so deep you end up telling cringe-inducing anecdotes that subtly remind your staff that they are all your little Bob Cratchits….

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