Growth Partners : 8 skills, beliefs & behaviours shaping law firm leadership in 2024.
Law firms have always had to adapt to change to remain profitable and relevant to clients, but 2024 looks to be the year in which law firm leadership experiences a transformative shift.
Take a look at Accenture’s new Pulse of Change Index, a conflux of factors fueled by advances in generative AI are driving an all-time-high rate of change across the business landscape, and it’s accelerating. To meet evolving client expectations, the questions around how law firms operate, how partnerships are structured and how leadership models adapt are truly at the top of every firm’s agenda.
The big question though is, do you have the right Partners in place making the right decisions, who can deliver today and also help to shape a future-ready firm? A new leadership identikit is emerging, one that is distinguishable by a specific set of skills, beliefs and behaviours, and one that potentially re-evaluates success metrics...
Lawyers who love to coach : an oxymoron, or industry game-changer?
Outside of law, it seems every profession is having a ‘love-in’ on coaching. Maybe Showtime’s Dr. Wendy Rhoades captured the zeitgeist in the TV hit Billions, but a once-in-a-generation health crisis has helped summon a perfect storm for performance coaches, career coaches, business coaches, leadership coaches, and sales coaches the world over.
In law firms though, coaching is still mostly seen as remedial in purpose. The message sent to lawyers: if you have a problem, you are not delivering, then you can have a coach to ‘fix’ it. Not really a vote of confidence, a perk, an opportunity to maximize your productivity, career, practice, leadership skills or make your millions, like Wendy’s traders at Axe Capital.
But it’s changing, and as someone who has passed through pre-law, law school, legal training, internship, mentoring, and speaks daily to Australia’s finest Partners, I have a working theory about why; lawyering favours those who can synthesise complex information, but the relentless pace of change today is ‘running interference’ with a natural tendency towards perfectionism, and hard deadlines. Post-COVID, directly or indirectly I increasingly hear:
Navigating Growth: The Evolution of Leadership in Modern Business
In the fast-paced world of modern business, growth, leadership, and transformation are intertwined like never before. Just like cutting-edge machines require adept operators, today's businesses demand a new breed of leaders to steer them through the complexities of the digital age.
Meet the executive growth leader, a vital player in the modern selling landscape. As companies delve into digital transformation and AI, it's crucial not to overlook the importance of leadership. According to Chris Hummel, Managing Director at the Revenue Enablement Institute, the key to successful sales and marketing transformation lies in adept change management and leadership, rather than purely technical prowess.
Mastering Negotiation: A Summary to Effective Collaboration
Peace isn’t just ink on paper; it’s a skilful approach to resolving conflicts when they arise. Roger Fisher, a luminary in the field of negotiation, asks the burning questions: Why do negotiations often turn sour? Why do parties defend their interests to the hilt, only to reach a stalemate? Fisher asserts that this pattern is common but not inevitable. In his groundbreaking work, "Getting to Yes," he offers a fresh perspective on negotiation, advocating for a method that not only achieves results but also preserves relationships. Let’s delve into his insights.
Growth Leadership: New leadership for a new ‘pedal to the metal’ world
Business leaders are grappling with unprecedented change, fuelled by rapid advancements in generative AI, according to Accenture’s Pulse of Change index. While 60% of executives view change as an opportunity, 52% don’t feel ready for it in 2024. A new leadership model is emerging to meet these challenges. Dubbed ‘Growth Leaders,’ these executives possess distinct traits and behaviours that enable them to drive both operational success and transformative change. Studies suggest that around 14-16% of current executives fit this mould, with potential for further development. These leaders prioritize self-care, continuous learning, and customer-centricity while fostering diverse and inclusive workplaces. With traditional leadership falling short, the need for Growth Leaders is paramount, as exemplified by Microsoft's turnaround under Satya Nadella’s leadership. In a rapidly evolving landscape, CEOs must prioritize identifying and cultivating Growth Leaders to ensure their companies thrive amidst change.
Discover the 10 Hidden Keys to Thriving with Age
Embark on a journey of discovery as we unveil the hidden secrets of healthy longevity. Beyond the basics of diet and exercise lies a treasure trove of lesser-known strategies to thrive with age. From optimizing sleep and cultivating resilience to exploring the power of biohacking and mindful supplementation, there's a world of possibilities waiting to be explored. Join us as we delve into the nuances of aging with intention, purpose, and vitality. It's time to unlock the door to a lifetime of well-being and fulfillment.