Mid-Tennessee ALA Presentation- Developing the Next Generation of Rainmakers and Leaders

Post on 05-Dec-2014

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My Presentation to the Mid-Tennessee ALA Chapter Annual Managing Partners' Breakfast on May 6, 2014

Transcript of Mid-Tennessee ALA Presentation- Developing the Next Generation of Rainmakers and Leaders

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Cordell M. Parvin

Developing the Next Generation of Law Firm

Leaders and Rainmakers

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One Big Question

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ah-HAAA Moments

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Survey on Law Firm Leaders

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Law Firm’s Profitability

Leadership Skills

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Law Firm’s Profitability

Inclusiveness

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Law Firm’s Profitability

Managerial Skills

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What is Wrong?

WhatisWrong

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Simon Sinek

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Simon Sinek

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Aligning the Stars

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“Starmaking” is more important to a firm’s long

term success than “rainmaking”

Jay Lorsch and Thomas Tierney

Aligning the Stars

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Over time the people you pay are more important than

the people who pay you

Jay Lorsch and Thomas Tierney

Aligning the Stars

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Developing a star recruit into a seasoned star is

multiyear task

Jay Lorsch and Thomas Tierney

Aligning the Stars

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In great firms . . . senior people worry as much about missing out on or losing new talent as they

do about missing out on or losing good clients

Jay Lorsch and Thomas Tierney

Aligning the Stars

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“Aligning the Stars” Identifying 5 core beliefs

PartnershipExtraordinary TeamsCommunicationClients FirstPerpetuity

Aligning the Stars

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Practice What You Preach

David H. Maister

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Practice What You Preach

David H. Maister

Must train, energize and excite your people

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Practice What You Preach

David H. Maister

If you do, quality and service will be outstanding

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Practice What You Preach

David H. Maister

“Win-Win-Win”

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What Motivates Lawyers?

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Daniel Pink

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Daniel Pink

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Succession Planning

Building the Next

Generation

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Senior Lawyers

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Junior Partners

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Senior Associates

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Junior Associates

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Cordell M. Parvin

Developing the Next Generation of Law Firm

Leaders and Rainmakers