http://www.patrickmckenna.com/blog
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Post #806 – December 30, 2018
Happy New Year
 To all of my valued
clients, colleagues and friends, I want to say THANK YOU for allowing me to
spend time with you; for your confidence, your commitment and your fellowship.
I wish you and your
families the Very Best in 2019.
Post #805 – December 10, 2018
Life As A Firm Leader
 Here are some interesting stats obtained from my
working with and researching the activities and feelings of firm leaders:
• During the average day,
53% - of time is spent in meetings, usually lasting
from 1 to 2 hours
33% - of time is spent with direct reports
61% - of this is all in face-to-face communications
23% - engaging with my internal colleagues
20% - managing my stress levels
• 41% of Firm Leaders would admit to feeling some
stress every day, with another 33% feeling stress a couple of times a week.
• The key areas where Firm Leaders believe their
role is more difficult that they might have expected include:
50% - driving change
48% - developing my senior team
40% - balancing long and short-term priorities
How does this fit with your experience?
Post #804 – November 20, 2018
Another Great Issue of Legal Business World Magazine
The latest issue include the following articles:
• CodeX and the Future of Legal Tech, Riyanka Roy Choudhury
• Strategic Challenges That New Firm Leaders Face, Patrick J.
McKenna
• Identity for All | A Crisis in Demand of Input from the Legal
Industry, Aileen Schultz
Are law schools adapting to the paradigmatic transformation of
the legal professions, and how to measure it? Javier de Cendra
• Growth in the Legal sector, Katie McLean
• The Hummingbird Lawyer. Managing time efficiently can generate
an additional hour of availability each day, Richard G. Stock
• The Legal Education Gap, Lucy Endel Bassli
• Legal Tech and Innovation in South Africa, Themba Mahleka
• "A Millennial's Perspective on how law firms can retain
Millennials" or talent …? Mary Bonsor
• A ClariLegal interview with Russ Dempsey, Associate General
Counsel at AIG, Cash Butler/James Johnson
• Your Personal Legal Brand: Why You Need One and How to Begin
Creating, Jaimie B. Field, Esq.
• Taking a leadership role on data security, risk and
governance, Shauna Maguire/Siska Lund
Download your PDF copy: https://docs.wixstatic.com/ugd/b30d31_e90efc88cd6d4441a1205d17ff1debb2.pdf
Post #803 – November 10, 2018
International
Review Magazine: Fall-Winter 2018
 Our Fall-Winter issue
begins with Inside the Corridors
of Firm Leadership. This features the results of the fifth in a
series of surveys I’ve conducted with my highly respected colleague David
Parnell.
A Lesson From The Accountants is a
collaboartion with an old friend, Neil Gower, and addresses how the major
accounting firms exercise good governance practices, perhaps worth emulating.
The
Rise of the Micro-Niche provides a further look into how the
explosion of data today is forcing professionals to be far more specialized if
they hope to develop a “go-to” personal brand.
What Firms Need To Do To Prepare
For The Future is an excerpt from the mid-year discussions of LIFT, our
international think-tank group collaboration.
Finally,
When
You Need to Replace a Practice Leader offers some straightforward guidance
on how to handle the difficult situation when you have to remove a colleague
who is just not doing the job. Visit the following link to download your copy of my Fall-Winter 2018 practice management magazine: http://www.patrickmckenna.com/pdfs/MIR%20Winter%202018.pdf
Post #802 – November 10, 2018
Legal Leadership: A Handbook for Future
Success
 I’m pleased to have contributed a chapter to Legal Leadership, a NEW book
providing relevant guidance from those on the frontline of law firm
leadership and management, to serve as the catalyst for change and
the foundation on which a strong leadership practice can be built.
Drawing on their expertise, the authors – ranging from
behavioral psychologists to senior management figures and professional
coaches – present a wide range of strategies to cultivate as part of a
leader’s personal and professional development.
Whether you are already a member of your firm’s senior management
or in a junior position with big aspirations, this text should provide
some tools that you can put to practical use.
https://www.ark-group.com/product/legal-leadership-handbook-future-success-0#.W-W9k62ZNE6
Post # 800 – November 1, 2018
Every New Innovation Can Look Like a Failure in the Middle
 In the
"middle," you can overspend resources; both time and money, because
forecasts are always overly optimistic. You should expect to have the
unexpected pop up that no one knew would be there. After all, no one has
been down this path before.
And the middle is when
the critics attack. Opponents start to notice and will offer favorable
comments about the project . . . only when it looks like it might be a winner.
https://www.linkedin.com/pulse/every-new-innovation-can-look-like-failure-middle-patrick-j-mckenna/
Post # 799 – October 20, 2018
The
Advent of The Legal Practice’s Micro Niches (Part 2)
 Today, firms are facing yet another
structural and marketing challenge, that which I have come to call, “Tech-Driven Hybrids.” These are
practices that are not simply conventional in that they require a level of
expertise that goes beyond any one vertical (e.g., may require
regulatory plus tax, plus IP), and they are practices that extend beyond
impacting just one industry in that their effect will likely be felt in a good
number of different industries.
What are
the micro niches in your legal practice? And how can you use them to find new
clients and better service your existing ones?
http://www.legalexecutiveinstitute.com/legal-practice-micro-niche-part-2/
Post # 798 – October 5, 2018
The
Advent of Micro Niches (Part 1)
 There was a
time when we simply organized our law firms vertically, by the same subject
matter we studied in law school — a corporate practice, a litigation practice,
a labor and employment practice and so forth.
So that today, we tend to think of the typical labor and employment practice
as highly commoditized with practitioners doing low-value work for highly
discounted fees. In the real world,
however, those looking at the trends, monitoring the pace of change, and
exploring where new client needs may be, are discovering the answers might be
in highly-specialized micro-niches.
What are
the micro niches in your legal practice? And how can you use them to find new
clients and better service your existing ones?
http://www.legalexecutiveinstitute.com/legal-practice-micro-niche-part-1
Post #797 – October 1, 2018
Everything
You Need To Know Has An Expiration Date
 As a professional one
of the things we tend to ignore and overlook is that everything we know has an
expiration date. In an earlier era, many professionals retired having
practiced in the same area, having attained competency and then spent their
time doing pretty much the same thing from the day they entered their
profession. Today, continuous learning and skill building are conditions
precedent to maintain a healthy career.
Read this entire article: https://www.linkedin.com/pulse/everything-you-know-has-expiration-date-patrick-j-mckenna
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