Advice for new Managing Partners

Yesterday I had lunch with a tremendous lawyer friend of mine who is in her first several months as managing partner in her firm. As many of us are, she is cautious about her expertise and current successes. She could be overwhelmed with the responsibilities on her plate, yet she has had something I think is hugely commendable: willingness to listen to peers about what it takes to handle this position.

Although she received many pieces of advice from trusted friends and associates within other firms, she has whittled down the list to 3 main rules to follow so she can avoid wringing her hands at the end of the day.