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Practice Manager - Washington, United States - The Phoenix Group
Description
Practice Group Manager (PGM)Job Summary:
The Practice Group Manager oversees the operational and strategic aspects of assigned practice groups, focusing on strategy implementation, financial performance, and talent development.
Collaborating with Practice Group Leaders (PGLs) and various firm departments, the Manager supports goals related to finance, talent, growth, diversity, technology, and innovation.
Job Responsibilities:
Financial and Practice Reporting:
Develop and monitor financial reports in collaboration with Department Practice Director and Finance Partners.
Review monthly financial reports and identify trends for action.
Monitor performance metrics and advise on financial objectives.
Participate in annual rate-setting discussions.
Pricing and Project Management:
Collaborate with Pricing and LPM teams to monitor pricing and alternative fee arrangements.
Address performance issues and share best practices with Finance Partners.
Escalate concerns to the Department Practice Director and PGLs.
Business Planning and Budgeting:
Establish goals for assigned practices during annual business planning.
Execute growth initiatives with the recruiting team.
Support integration of new lawyers and promote lateral development plans.
Lawyer Professional Development and Staffing:
Coordinate evaluation processes and group consensus messaging.
Identify suitable lawyers for significant client matters.
Ensure appropriate training and mentorship opportunities.
Diversity & Inclusion:
Implement professional development plans for diverse associates and counsel.
Integrate diversity, equity, and inclusion into practice group functions.
Monitor equitable distribution of opportunities within practices.
Technology and Innovation:
Collaborate with Innovation and IT teams on knowledge management initiatives.
Ensure execution of agreed-upon innovation initiatives within practices.
Operational Support:
Provide support to Practice Group Leaders.
Coordinate practice group meetings and administrative tasks.
Qualifications:
Knowledge, Skills, and Abilities:
Proficiency in law firm finance, accounting, and analysis.
Strong problem-solving and decision-making skills.
Effective communication and collaboration abilities.
Experience in managing projects and delegating tasks.
Ability to build trust and relationships at all levels.
Basic knowledge of accounting and budgeting principles.
Education:
Bachelor's Degree or equivalent work experience and training/education.
Experience:
Minimum five (5) years of relevant experience with increasing responsibility.
Preferably experienced in a law firm or professional services environment.
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