Monday, September 7, 2020

What Would Success Look Like In Your Firm

Developing the Next Generation of Rainmakers What Would Success Look Like in Your Firm? I was doing a search of some old law firm documents recently, and I came across something I had drafted for my old law firm’s board of directors. I think many of the ideas are relevant today so I thought I would share it with you. Years ago at my old firm, a group of us began brainstorming what we hoped would be the priorities and direction of the firm. When our firm leaders got wind of our brainstorming, they asked us to share our ideas. I drafted our suggestions. Before responding I went back and re-read all of David Maister’s books and other materials he had available at the time. So, many of the thoughts I came up with were inspired by David Maister. More recently I read an Economist Book Review:  Staying on top, reviewing:  Playing to Win: How Strategy Really Works. I have not read the book, but I found the review helpful. As a result, I updated some of my thinking. So here some of my past and current thoughts: I believe our board of directors are too focused on “management,” and not enough focused enough on leading our firm. If our board spent time focusing on the top line (e.g., values, principles, mission and vision), it could transform those who work in our firm. To accomplish this task I believe the board should:   I practiced law for 37 years developing a national construction law practice representing some of the top highway and transportation construction contractors in the US.

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