SPECIAL ADVISORY ARTICLES
The Question of Managing Partner Term Limits (2009)
For many years there has been a quiet and uneasy controversy within firms on whether to limit the tenure of the firm leader. For me this has been a rather amusing question given the lack of internal adulation accorded most managing partners. I mean, let’s face facts. I often joke with new managing partners about what the heck they were thinking when they accepted the obligation. After all, being in any management position is what smart lawyers are seen to disparage, not lust after. In fact, most lawyers would tell you that anyone who appears too eager to take on a management position is suspect and these positions are largely seen as non-contributing drudgery. Meanwhile, partners are often quick to challenge anything that suggests that they are being led.
This article appeared in the April 2009 issue of American Lawyer magazine.