On May 7th, more than 100 managing partners and law firm leaders gathered in Atlanta to learn with and from peers at our 24th law firm leadership conference. During the Opening Session, we featured audience polling technology to collect input on a variety of issues ranging from strategic planning to the authority they have as managing partners. The results were instant and anonymous. Here are some of the more interesting findings:
- Thirty-five percent (35%) of firm leaders report that their firms have a written strategic plan. Twenty-three percent (23%) say they’re working on one.
- Of firms with a plan, sixty-seven percent (67%) attribute improved sharing and teamwork to the plan. Fifty-two percent (52%) attribute improved profitability to the plan.
- Of firms without a plan, lack of time is the number one reason why.
- Eighty-nine percent (89%) of managing partners say they enjoy the leadership role.
- Seventy percent (70%) say they have no formal job description, and half don’t want one! They like the flexibility.
- Leading change, implementing long-term strategic goals and building consensus among partners are the three most important contributions leaders believe they provide their firms.
Altogether, we presented twenty-seven (27) questions, and the results provide terrific bench-marking data for you and your firm.