SPECIAL ADVISORY ARTICLES
Leader’s Advisory Board
may be lonely at the top, but it doesn’t have to be.
new white paper, The Fearless Leader’s
Advisory Board —
published by Thomson Reuters Legal Executive Institute and written by Patrick J. McKenna,
an internationally recognized author, lecturer, strategist and seasoned
advisor to the leaders of premier law firms — discusses the value for law firm
leaders in establishing an Advisory Board.
than just a sounding board or a chance to schmooze, a carefully selected and
trusted Advisory Board can help a law firm leader avoid potential problems
while solving existing ones, fine-tune strategies and stimulate some new
and innovative ideas. However, as McKenna contends, there are many factors that
have to be considered in selecting and running your Advisory Board for it to
succeed as envisioned, including its size, its rules of operation, and the
relationships of the Board members to the law firm leaders, the firm and each
A good number of other professional service firms, from
accounting to consulting businesses, have found success by forming an external
Advisory Board to counsel the firm’s leadership on various aspects of the
business — everything from operations to planning for growth or enhancing
Think about the last time you met with a group of business
people and had an open discussion, sharing ideas and concerns. An Advisory
Board is a formal version of this process. Unlike a one-time event, you might
think of an Advisory Board as your own special leadership think tank.
Participants can serve as your personal sounding board or a source of ideas and
expertise as well as give you honest and candid advice. If properly
constituted, your Advisory Board will be comprised of people with no axe to
grind, and who want to listen and impart their wisdom.