Asked and Answered
By John W. Olmstead, MBA, Ph.D, CMC
Q. I am a new managing partner in a 35-attorney firm in Tucson, Ariz. I replaced the previous managing partner who retired. He was the firm founder and had been in the position since the firm’s inception. I have had this position for six months and I am finding the job overwhelming – trying to serve my clients and managing the firm at the same time is very difficult. What are the major challenges that managing partners are having?
A. I understand and appreciate your situation. Managing partners advise me that the following challenges are what keeps them awake at night: