Managing the Partners / Directors Masterclass

Our 2022 Program

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The Strategies You Need

This one day program will explore current best practice in partnership management with a view to assisting participating firms to increase performance and profit.

We will explore current thinking in performance management, partner compensation and succession management. We will address mechanics for partner entry and exit as well as strategies to manage senior employed lawyers. During the program we will address contemporary issues in a pragmatic manner, exploring how firms are managing with changing demographics and partner expectation.

Although the focus of this master class is the ‘partnership’ it is totally relevant for incorporated legal practices as well. Most incorporated professional legal firms have retained a ‘partnership culture’ among owners and those who may aspire to ownership. While some of the mechanics of succession may vary the principals remain consistent. We will explore these issues.

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Partnership Management Masterclass

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Sydney
May 24th 2022 Starting at 9:00am Timezone: Australia/Sydney
May 24th 2022 Finishing at 5:00pm Timezone: Australia/Sydney
Register
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Zoom Video Conferencing
Jun 3rd 2022 Starting at 9:00am Timezone: Australia/Sydney
Jun 3rd 2022 Finishing at 5:00pm Timezone: Australia/Sydney
Register

THE PROGRAM

Session 1MANAGING
PERFORMANCE

people
  • Why partner performance is critical to success
  • What to measure and monitor
  • How to measure and monitor
  • Improving performance

Session 2PROFIT SHARING

monetization_on
  • Equality versus performance based sharing
  • Alternative approaches / models
  • Solutions for firms small and large
  • Managing the mechanics of change
  • Predicable behavioural outcomes

Session 3MANAGING EXIT AND ENTRY

autorenew
  • Selection
  • Introducing new partners
  • Retiring senior partners
  • Consultancy arrangements

Session 4PLANNING FOR AND MANAGING SUCCESSION

assignment
  • Establishing appropriate time frames
  • Succession planning strategies
  • Coping with key staff attrition
  • Making it happen

Managing Partners Masterclass

9.00 am – 5.00 PM AEST

24 MAY     SYDNEY CBD

3 JUNE     VIRTUAL VIA ZOOM

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Presenters

Dr Neil Oakes

FMRC

Neil has served the Australasian legal profession since 1989 and has been a director of FMRC for 30 years.

During this time he has assisted many firms with myriad management challenges. Neil assists firms with strategy and profit growth, partner/director management and profit sharing, key talent management, management structures and succession management. He conducts law firm planning retreats regularly, assisting law firms to plan for and achieve greater success. Neil oversees the Practice Management Courses in NSW, presents in New Zealand Law Society Practice Management Courses, conducts FMRC workshops and is often invited to present key note addresses at management forums throughout Australia and New Zealand.

Neil has degrees in Economics and Financial Management. His Doctorate explored the “Strategic and Behavioural Consequences of Different Profit Sharing Models in Law Firms and the Impact of Sharing Methodologies on Performance, Attrition and Gender Equity”.

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