- Develop and monitor financial reports for practice groups in collaboration with the Department Practice Director, Finance Partners, and Finance Department.
- Review monthly financial reports with relevant stakeholders, identifying trends and necessary actions.
- Track financial and performance metrics, advising on steps to meet financial objectives.
- Participate in discussions on annual rate setting with the Finance Department, Finance Committee, and PGLs.
- Work with the Pricing and LPM teams to monitor pricing, alternative fee arrangements, budgets, and discounts to improve realization and profitability.
- Regularly meet with practice groups' Finance Partners and the Finance Department to address performance issues and share best practices.
- Escalate concerns to the Department Practice Director, Finance Partners, and PGLs.
- Collaborate with PGLs, Department leadership, and business development professionals to set goals and objectives for the coming year as part of the annual business planning process.
- Coordinate with recruiting teams to execute growth initiatives for assigned practice groups.
- Support the integration of new lawyers into practice groups, working with the Professional Development (PD) team and T&I Partners to ensure comprehensive onboarding plans.
- Assist PGLs with the annual partner/counsel promotion process.
- Coordinate with the PD team and T&I Partners on the annual evaluation and Group Consensus Messaging process for associates and counsel.
- Work with staffing partners and practice managers to assign the best teams to significant client matters.
- Ensure appropriate training and professional development opportunities are available to lawyers in the practice groups.
- Monitor attorney morale and engagement, developing programs to support their well-being and professional growth.
- Promote mentoring and sponsorship relationships within the practice groups.
- Collaborate with T&I Partners to develop and implement professional development plans for diverse associates and counsel.
- Ensure diversity, equity, inclusion, and belonging are integrated into all practice group functions.
- Monitor the equitable distribution of work assignments, business development, and other professional opportunities.
- Provide operational support to PGLs, including coordinating and planning practice group meetings.
- Oversee administrative tasks for the practice groups, ensuring effective management of schedules and appointments.
- Bachelor's Degree or equivalent work experience and training/education.
- 5+ years of relevant experience with a record of increasing responsibility.
- Experience in a law firm or professional services environment required.
- In-depth understanding of law firm business functions, including finance, accounting, and analysis.
- Strong problem-solving skills with the ability to anticipate issues and implement effective solutions.
- Excellent verbal and written communication skills, capable of conveying complex information effectively.
- Experience in collaborating within a global, matrixed organization, influencing change, and building consensus.
- Effective delegation and project management skills, ensuring timely and efficient task completion.
- Ability to develop trust and confidence with peers, subordinates, and leaders.
- Basic accounting and budgeting knowledge, with the ability to analyze and report financial data clearly.
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Practice Group Manager - Washington, United States - Buchanan Legal Professional Services
Description
Our client is a prestigious Am Law firm. They are seeking a Practice Group Manager to support the Transactional group in Washington, D.C.
The Practice Group Manager is responsible for the daily execution of business needs and operations for assigned practice groups, focusing on strategy, work allocation, financial performance, and lawyer productivity and development. This role requires close collaboration with the Department Practice Director, Practice Group Leaders, and other firm teams to support goals in financial performance, pricing and project management, growth, talent development, diversity, equity and inclusion, human resources, technology, innovation, and other strategic areas.
Responsibilities:
Financial and Practice Reporting
Pricing and Project Management
Recruiting, Integration, and Promotion
Lawyer Professional Development and Staffing
Diversity & Inclusion
Operational Support
Qualifications:
