Description/Job Summary

The Director of Practice Management will serve as a trusted advisor and "chief of staff" to the co-Heads of the Banking and Credit Practice Group (PG). The Practice Management Director will work directly with practice group leadership to drive accountability, ensure operational efficiency within the PG and assist with the orginazation and administration of the PG. The Practice Management Director will be responsible for the day to day operations of the PG, as well as assisting the co-Heads of the PG with the development and implementation of the group's strategic initiatives. In this role, the Practice Management Director will report primarily to the co-Heads of the Banking and Credit Practice Group with a secondary reporting line to the Firm's Chief Administrative Officer. The Practice Management Director will work closely with practice group and firm leadership, the broader team of Practice Management Directors and other Professional Staff departments (including Finance, Legal Talent, Business Development, Knowledge, Legal Operations, Technology, Human Resources, and the Office of the General Counsel) to support the PG's strategic initiatives, business operations, financial profitability, resource management, and more.

Responsibilities/Duties

• Collaborate with PG co-heads, partners and other key stakeholders to develop a vision and strategic plan for the PG with clear and achievable goals focused on revenue, profitability, headcount, reputation, brand awareness, profile and competitive differentiation

• Support PG co-heads with the daily operations of the practice group, including:

• Prepare for PG meetings and retreats, includes setting agendas, preparing meeting materials, and coordinating meeting logistics

• Collaborate with Finance to analyze PG financial performance (revenue, profitability, realization, utilization, A/R); monitor PG operational expenditures; report regularly on KPIs; make recommendations for appropriate actions to improve PG financial performance and execute on related action items

• Partner with Legal Talent to create and execute on PG talent management strategy, includes recruiting, onboarding and integration programs for lateral hires, training, resource planning and management, retention strategies, partnership pipeline reviews, and succession planning

• Collaborate with Business Development Team to analyze and increase cross-selling efforts within the Firm and work with client teams to enhance client collaboration

• Collaborate with Knowledge Team to continually drive efficiencies, improve processes, and incorporate innovation in legal service delivery

• Collaborate with Practice Directors in other groups to reinforce strategic and operational alignment with key adjacent practices (M&A and other corporate groups)

• Continually identify opportunities for operational efficiency, improvement and innovation in matter management, business operations, infrastructure, methodologies, and other areas of business performance; develop solutions and plans for corresponding action

• Monitor current trends and best practices in legal and professional services firms; communicate the impact of new innovations, developments, and regulations

• Foster a culture that is team-oriented and committed to professional excellence

Required Skills

• Strong business acumen, project management, and analytical skills; the ability to develop and successfully execute comprehensive project and operational plans from broadly stated objectives

• Strong knowledge of accounting and budgeting principles and the ability to track, organize, analyze and report financial data in a clear manner

• Proven experience driving continuous improvement and innovation in business operations, technology, and infrastructure in a complex, matrixed, global professional services organization

• Outstanding interpersonal skills; the ability to lead through influence rather than direct control and create consensus-based support for business strategies and decisions

• Superior presentation, writing, and verbal communication skills; the ability to interact credibly and diplomatically with all levels in an organization-tailoring communications effectively for different groups and stakeholders

• A consultative, collaborative, and highly client service-oriented approach to work

Required Experience

• A minimum of seven years serving as a practicing lawyer or business professional with an emphasis on practice management, operations, legal project management, client relationship management, and financial management, in highly sophisticated legal environments

Preferred Experience

• Prior experience working with Banking and Credit practice

Required Education

• Bachelor's degree required

Preferred Education

• JD or MBA preferred

Details

Salary Information

NY only: The estimated base salary range for this position is $300k to $350k at the time of posting.

The actual salary offered will depend on a variety of factors, including without limitation, the qualifications of the individual applicant for the position, years of relevant experience, level of education attained, certifications or other professional licenses held, and if applicable, the location in which the applicant lives and/or from which they will be performing the job. This role is exempt meaning that it is not overtime pay eligible.

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