Managing Partners Forum

A very well planned and executed conference. I'll be back. 

Kenneth R. Wooten, Esq.
Ward and Smith, P.A. - New Bern, NC

Webinars

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The Law Firm of the Future

We are pleased to announce the revival of our popular MPF Webinar Series, with a change in its title from “Responding to the Coronavirus Pandemic” to “The Law Firm of the Future” as we believe that law firm leaders need to look beyond COVID-19 toward a long-term, proactive, forward-thinking, and strategic approach to the firm and the practice of law. These 60-minute Webinars will be presented every other Wednesday afternoon and they are complimentary for our readers.
 

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Disruption Alert! The Movement towards Law Firm Ownership Reform  ** NEW **
by Managing Partner Forum with Whitney Cunningham and Carson Pearson 
An MPF Webinar Originally Broadcast on January 6, 2021

One of our most important and thought-provoking Webinars to date, which covered recent developments in Arizona and Utah that are predicted to have profound and fundamental impacts on the legal profession throughout the country. Both states formally allow nonlawyers to co-own law firms and give companies (mostly technology firms) the ability to provide legal services. Bigger states like California, New York, Florida and many other are watching closely and are not far behind in enacting similar reforms. During the session, managing partners Whitney Cunningham of Arizona and Carson Pearson of Utah discussed these changes in their states, how local legal communities are responding and some of the initiatives underway at their law firms. As always, we collect and present current survey data on our topic and incorporate it into the handout materials, which also include a nice article from Bloomberg Law that provides a good national overview of the situation.

Click here to hear the Webinar.
Click here for Handout Materials.

 

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Lessons Learned in 2020 and Big Bold Predictions for 2021
by Managing Partner Forum with Uri Gutfeund and John Remsen, Jr.
An MPF Webinar Originally Broadcast on December 31, 2020

We are pleased to present the on-demand recording and handout material for this week’s MPF Webinar called ”Lessons Learned in 2020 and Big Bold Predictions for 2021." Since April, more 2,300 managing partners and law firm leaders have participated in The MPF Webinar Series. The feedback we have been receiving has been gratifying and nothing short of fantastic. It was a fun, fast-paced session during which Uri Gutfreund and I shared our thoughts and perspectives about the impact of COVID-19 on the legal profession. We think you will enjoy it. 

Click here to hear the Webinar.
Click here for Handout Materials.

 

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Update on PPP Loan Forgiveness
by Managing Partner Forum with Scott Burke, Dan Mayo and Lisa Murray 
An MPF Webinar Originally Broadcast on December 9, 2020

We thank Scott Burke, Managing Partner of Morrison Mahoney LLP; Dan Mayo, National Lead-Federal Tax Policy of Withum; and Lisa Murray, Head of Professionals Banking of Citizens Bank, for their insights and perspectives on this timely and important year-end topic for many, many law firms.
 
As always, we collect and present survey data on our topic (183 law firm leaders participating) and learned the following:

  • Ten percent (10%) of firm leaders report that their law firms have applied for PPP Loan Forgiveness, and have been approved by both their bank and the SBA
  • On the other hand, fifty-one percent (51%) had not yet applied for Loan Forgiveness
  • Eighty-three percent (83%) expect to receive 100% forgiveness

As to the long-term impact of COVID-19 on the legal industry, thirty-three percent (33%) of firm leaders say it will “fundamentally change the practice of law as we know it,” a whopping, five-fold increase from when we asked the same question in May. 

Click here to hear the Webinar.
Click here for Handout Materials.

 

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Budgeting Considerations for 2021
by Managing Partner Forum with Fred Esposito and Tom Obermaier

An MPF Webinar Originally Broadcast on November 18, 2020

Our MPF Webinar entitled "Budgeting Considerations for 2021" with Frederick J. Esposito, Jr., Chief Operating Officer of Rivkin Radler, LLP and Tom Obermaier, Chief Executive Officer of SurePoint Technologies.119 firm leaders participated during the live session, and here are a few of the things we learned:

  • Twenty-six percent (26%) of firm leaders project in an increase in Revenue per Lawyer (RPL) for their firms in 2021 compared to 2020.
  • Sixty percent (60%) of firm leaders report a substantial increase (10% or more) in their firms’ investments in technology in 2021.
  • Thirty-seven percent (37%) report an increase in their firms’ marketing and business development budgets in 2021.
  • Seventy-four percent (74%) are planning associate raises in 2021, with forty-three percent (43%) looking at increases of five percent or more. Raises are not as generous for non-lawyer support staff.  

Click here to hear the Webinar.
Click here for Handout Materials.

 

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Which KPIs Are Best for Your Law Firm?
by Managing Partner Forum with Roger Hayse and Steve Mabey

An MPF Webinar Originally Broadcast on November 4, 2020

On the latest installment of The MPF Webinar Series we call "The Law Firm of the Future." we discussed the importance of measuring both financial and firm-building contributions. In addition to plenty of timely benchmarking data on the topic, the handouts include biographical profiles, PowerPoint deck, and the raw data from The MPF 2019 Law Firm Leadership survey

Here are a few highlights:

  • Eighty-five percent (85%) of firm leaders say they use KPIs to monitor firm and individual performance. "Productivity" was by far the #1 metric they monitor. 
  • Twenty-six percent (26%) of firms have modified their KPIs since the COVID outbreak. Another twenty-four percent (24%) are considering it.
  • Looking beyond financial KPIs, just twenty-four percent (24%) of firms measure client satisfaction and thirty-five percent (35%) measure employee satisfaction. 

Click here to hear the Webinar.
Click here for Handout Materials.

 

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Building the Virtual Law Firm
by Managing Partner Forum with Michael Moradzadeh and Chris Wilson
An MPF Webinar Originally Broadcast on October 21, 2020

We had a very interesting and thought-provoking conversation about the growing trend for law firms to move toward virtual business models as we work through the immediacy of the pandemic and look toward a post-COVID environment. Here are a few program highlights:

  • In the remote working environment, partner productivity has slightly increased, while associate and staff productivity have significantly decreased.
  • Twenty-eight percent (28%) of smaller and midsize law firms have decided to move to a more virtual business model. Fifty-one percent (51%) are considering it. 
  • The biggest concerns are the impacts on associate development and training, and maintaining a collaborative firm culture.

Click here to hear the Webinar.
Click here for Handout Materials.

 

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Finding the Leader in You
by Managing Partner Forum with John Fanburg, Mickey Maher and Leah Nelson
An MPF Webinar Originally Broadcast on September 16, 2020

The session was an open conversation about how law firm leaders find resolve and resilience in times of change and uncertainty. Thank you to our guest speakers: John Fanburg, Managing Member of Brach Eichler, LLC; Mickey Maher, Managing Partner of Hecht Solberg; and Leah Nelson, Founder of Nelson Leadership.

Click here to hear the Webinar.
Click here for Handout Materials.