Leading City lawyers believe strong management has helped drive law firms' success in recent years, with new research showing partners are now ascribing far more value to effective leadership than in the past. The latest Legal Week/Big Question survey found that 96% of partners cited effective leadership as being either 'very important' or 'important' to the success of a sizeable commercial law firm. There was not a single respondent who believed management was not at all important in achieving success. Crucially, the survey, which is based on responses from 153 partners, revealed that partners believe those at the coalface are now much more appreciative of the importance of strong leadership at firms, with 55% saying partners attribute 'considerably more' value to leadership now than five years ago. A further 12% said attitudes have changed 'greatly' over the period. Linklaters private equity partner Ian Bagshaw said: "Strong leadership is fundamental to the success of a global firm. There are more and more opportunities open to firms now - sometimes more than they can handle. The quality of the managing partner is to maximise the potential of those opportunities - it is this strategic leadership that firms require."
September 12, 2008 at 09:08 PM
1 minute read
The original version of this story was published on Legalweek
Griping from partners is over as the ‘herded cats’ become converts to the cause of leadership in law. City partners are now overwhelmingly backing the importance of senior management, finds Jeremy Hodges
Leading City lawyers believe strong management has helped drive law firms’ success in recent years, with new research showing partners are now ascribing far more value to effective leadership than in the past.
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