Managing Partners Forum

The true value comes from the opportunity to share solutions with your professional peers. I highly recommend this program to any managing partner.

Mark J. Neuberger, Esq. 
Foley & Lardner, LLP
 - Miami, Florida

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Each month, the Managing Partner Forum hosts webinars aimed at assisting legal industry leaders in strategizing for the future of their law firms. In this section, you can access blog posts providing in-depth insights and additional details pertaining to the webinar's monthly topic.

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  • The Intersection of Personal Goals and Firm Objectives for Law Firm Partners
    by 9Sail

    The alignment of personal goals with firm objectives is a fundamental component of success, both for individual law firm partners and the firm as a whole. As partners work to manage client expectations, drive firm growth, and fulfill their professional aspirations, the importance of cultivating an ownership mindset comes front and center. This mindset not only fosters a culture of accountability and commitment, but also ensures that the firm's strategic goals are met with enthusiasm and precision.
     

  • How Financial Hygiene Impacts Your Law Firm's Profitability
    by 9Sail

    Law firms grapple with numerous business challenges beyond just legal work, not the least of which is maintaining robust financial health. But what does it really mean to have good financial hygiene, and how does it impact a law firm's profitability? This is a question that goes beyond mere accounting practices, touching upon the very core of a law firm's operational strategy, long-term profitability, and overall success.
     

  • Legal Technology Trends for 2024
    by 9Sail

    As we step into 2024, the legal industry stands on the cusp of a technological revolution. The rapid advancement of digital tools is reshaping how legal professionals work and redefining the very fabric of legal processes and client interactions. From the integration of artificial intelligence (AI) large language models (LLMs) and machine learning (ML) in legal research to the adoption of blockchain for secure transactions, along with other emerging technologies, these advancements are set to offer unprecedented efficiency and accuracy to legal practitioners with the insights they need to stay ahead in this dynamic environment. 
     

  • Hourly Billing vs. Alternative Fee Arrangements for Law Firms in 2024
    by 9Sail

    As we round the corner into 2024, the legal industry faces important considerations about its billing practices. The hourly billing model, long the cornerstone of law firm pricing, is increasingly being scrutinized for its efficiency and fairness. In its stead, a variety of alternative fee arrangements (AFAs) are emerging, offering new paradigms of cost transparency and value alignment between law firms and their clients.
     

  • Negotiating Equal Pay and Advancement Opportunities for Women in the Legal Field
    by 9Sail

    The issue of equal pay for equal work and advancement opportunities for women in the legal profession has been a longstanding debate, yet still one that remains unresolved. The statistics vary, but on average, women earn 82 cents for every dollar earned by men. Despite the enactment of the Equal Pay Act and various other initiatives, from Supreme Court rulings on down, pay disparities between male and female employees in part time, full time, or even partner roles at law firms continue to persist.

    This article aims to shed light on the current landscape for women in law, examining the historical context, present-day challenges, and future prospects for achieving true pay equity and career advancement.
     

  • Key Metrics to Measure Innovation and Assess Law Firm Progress
    by 9Sail

    In today's fast-changing legal industry, law firms and their managing partners are under increasing pressure to innovate and adapt. But how do you measure the effectiveness of your innovation strategies? The answer lies in Key Performance Indicators (KPIs). These metrics offer a data-driven approach to assess your firm's progress and the impact of your innovative initiatives.

    This article will explore a few essential KPIs to measure that can help you gauge your law firm's innovation performance, from return on investment to client satisfaction. By understanding and tracking these metrics, you can make informed decisions that align with your business goals and drive legal innovation.
     

  • What Every Managing Partner Needs to Know About ChatGPT
    by 9Sail

    With technology and artificial intelligence (AI) reshaping the legal landscape, understanding and leveraging AI tools like ChatGPT is no longer optional for law firms, it’s a necessity. ChatGPT for lawyers offers innovative solutions to improve efficiency, streamline legal tasks, and foster client engagement. As law firms and managing partners push further into this new frontier, embracing AI for lawyers can be a game-changer.
     

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