When attorneys are elected partner of the firm, it’s an exhilarating time. Their hard work has paid off. They have the trust and confidence of their colleagues. They are a fully credentialed leader of the firm.
Now what?
Through our unique Fast Start customized coaching program, we help newly elected partners, and attorneys on the doorstep of partnership, understand the new expectations placed on them and prepare to start their new role with energy, clarity, confidence and an action plan for maximum impact and success.
There is virtually no “training program” that adequately prepares attorneys for crossing the bridge from associate to partner. In fact, the minute the ink has dried on the announcement cards, the expectations of this individual are completely different, and the stakes are high. This is particularly true in today’s legal landscape, where competition is high and law firms can ill afford to miss a beat.
Advantages of the Fast Start Program
For law firms:
Advantages to law firms that invest in the Fast Start new partner coaching program include:
- Maximizing investments. A firm pays nearly $1 million in salary and benefits to an associate over the first seven years, expecting to see a return on that investment in later years when the attorney joins the ranks of partner. Energized new partners who are invested in the firm and have the skills to build business return that investment ten-fold over time.
- Competitive edge. Firms are competing against other firms and lucrative in-house positions for top legal talent. Investing in your new partners sends a strong message about their value to the firm—and about their long-term potential.
- Firm management is kept appraised through all phases of the engagement, including a midpoint progress report and an end-of-engagement summary.
For new partners:
Attorneys on the cusp of partnership or who are newly elected partners benefit from coaching to:
- Define what “partnership” means to the individual and to the firm.
- Identify the business goals of the firm, the expectations of new partners to help achieve those goals, and an action plan to immediately take steps to contribute to the bottom line.
- Understand and begin preparing for the impact partner status will have on one’s personal life, including the impact on the self, family and lifestyle.
- Understand business development expectations and develop a plan to cultivate new business opportunities that will ultimately support the self and the firm.
- Seek out leadership opportunities within the firm and in the community and to leverage them for maximum benefit.
- Create an “internal marketing campaign” to build relationships, market specific skills and capabilities and become a productive, contributing citizen—all within the firm