HOW
TO RAISE HARDY PERENNIALS
Take
a green-fingered approach to nurturing
your
next generation of talent
Ask
yourself a question: even if you knew nothing about
gardening, would you push a tender young seedling into
an exposed patch of mud in the midst of well-established
plants which greedily devour all available nutrients
and moisture, then abandon it to the elements, and still
expect it to thrive?
Probably
not. So why is it then that in the average law firm,
young solicitors are handed the 'prize' of partnership,
told the future of the firm rests with them, and are
then left alone to flounder or flourish, with scant
business training, sporadic encouragement, and very
little real support?
For
most firms, both the future well-being of the existing
partners and the potential of the firm as a whole lies
with it's younger members. They need to do well if the
firm is to prosper and grow, or at least maintain whatever
level of success it has so far achieved. In marketing
speak, the next generation represents the firm's 'new
product development', and as such, requires significant
investment.
Until
the stage where partnership is imminent, many lawyers
spend their working life focusing almost solely on fee-earning
work, with their performance judged largely on hours
recorded. Often, the only experience they have of 'business'
and 'marketing' is what they have picked up from senior
colleagues, or deduced from client matters and meetings.
Marketing
in law firms is all about ensuring that every aspect
of what the firm offers is designed to meet client needs.
Partners have a crucial role to play. New business development
rightly rests with them, and necessarily, they must
take a leading role in managing relationships with existing
clients.
Partners
must also lead and manage those beneath them to deliver
their best and work cohesively towards achieving the
firm's overall goals and vision. Furthermore they are
crucial players in shaping and developing that vision
and must communicate effectively with their colleagues
and the rest of the firm so that everyone is clear bout
what they need to do, how well they are performing,
and what needs to change in order to achieve more.
Delivering
all this can present a daunting challenge for new or
prospective partners and simply assuming they will model
themselves on those who are already in post and pick
up skills by osmosis is not an adequate solution.
For
a start, the performance of some long-standing partners
often falls far short of the ideal, and certainly doesn't
need perpetuating in others. Even when partners are
well-intentioned towards newcomers and intend to 'teach'
them, time is short, work and clients get in the way
and their feeling is, "Well, I was left to my own devices
and survived, so they will too."
This
attitude dangerously overlooks a number of significant
factors which will heavily influence the success or
failure of the next generation of partners:
The market place for legal services
has changed greatly in the last two or three decades;
firms now need to market aggressively in order to prosper
and grow.
Clients are seeking more specialized
services at competitive prices; partners need to be
able to manage and control relationships and manage
and control the way the work is done.
Partners need to be proactive in
their approach to growing the business and nurturing
relationships; it is no longer appropriate to sit back
and wait for clients to turn up and then tell them 'this
is the way we do it'.
Law firm employees are now no longer
happy just to have 'a job'. In common with employees
everywhere, they are seeking improved work/life balance,
respect, consultation, flexible working arrangements,
recognition and reward and effective leadership from
those who manage the firm.
The most efficient and effective
firms are those where the culture has changed from a
collection of individual partners who just happen to
work alongside each other to a situation of true collaboration
and team-working, where the focus is on the firm, the
team, and only then, the individual.
When
existing partners are asked what could be done to better
prepare the next generation for these challenges, the
most usual answer is 'training'. Yet very little training
usually takes place and that which is offered is often
fairly process-driven and not particularly well designed
to address either the individual's strengths, weaknesses,
and needs, or the key indicators for performance against
which - formally or not - they will be judged.
Key
performance indicators such as skills in marketing,
client relationship management and staff development;
contribution to firm-wide initiatives and individual
"best practice" are all virtually impossible to impart
in one-off formal training sessions. However, specific
coaching and mentoring programmes which encourage each
individual to set themselves challenging goals in these
areas and devise and implement plans for achievement,
can be highly effective for ensuring successful outcomes.
Such
programmes help instil leadership and consistently raise
levels of creativity and confidence through providing
ongoing, one-to-one confidential support and a sounding
board for action.
©
Dianne Bown-Wilson, The BIG Question
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