Partner Feedback: How to Maximize Your Firm’s Greatest Asset
Firms that fail to provide meaningful feedback to partners miss a valuable opportunity to enhance firm performance.
Firms that fail to provide meaningful feedback to partners miss a valuable opportunity to enhance firm performance.
As we wrap up 2023 and start identifying strategic priorities for 2024, a resounding theme dominates law firm leader discussions: growth.
As the percentage of income partners grows within firms, it is time for firms to evaluate their partnership structure.
Now, more than ever, law firms are struggling with partner engagement. While some might argue that partner engagement was lagging pre-pandemic, remote work, re-prioritization of personal and professional goals, and approximately two years of a surge in demand for services have exacerbated the problem. Many partners today are mentally opting out of remaining informed about and participating in firm strategy and partnership level management discussions. What are the challenges and risks associated with partner disengagement, and how should firms try to solve it?
For many law firms, the month of June marks the halfway point in the firm’s fiscal year, a time when leaders begin to more closely assess year-to-date lawyer performance trends, refine year-end financial projections, and evaluate the the need for mid-year partner performance messages. Of course, this June is unlike years past. This June, we face a tremendous amount of uncertainty in the broader economy and also within the legal industry.