Lexpert Magazine

November/December 2018

Lexpert magazine features articles and columns on developments in legal practice management, deals and lawsuits of interest in Canada, the law and business issues of interest to legal professionals and businesses that purchase legal services.

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LEXPERT MAGAZINE | NOVEMBER/DECEMBER 2018 5 LEXPERT.CA Jean Cumming Editor-in-Chief EDITORIAL What's in a number? AT LEAST TWO OF THIS YEAR'S RISING STARS WINNERS are managing part- ners at their firms. Several others lead firms, albeit without that title. Sometimes, they have co-founded a firm; others have taken on arguably thankless tasks such as sitting on compensation committees. e Rising Stars Advisory Board, many of whom are themselves managing partners, are looking for leaders who are shaping the future of firms and in-house departments. How challenging is it for these leaders to lead those partners or colleagues who are considerably older than they are? Is it more or less challenging than leading younger lawyers who may have different expectations? According to American Lawyer Magazine, the average age of partners at its iden- tified top 200 law firms is 52. Perhaps more interesting than the average is the range. "Only about 2 percent of partners at these firms are millennials—those who are 18 to 35 years old." Meanwhile, the percentage of partners aged 71 to 88 years old is higher; they account for about 3 percent of partners in the Am Law 200." As reported by Victor Lipman on Forbes.com, surveyed CFOs said that differing communication styles posed the strongest challenge for them as leaders: "Baby boom- ers were perceived as more 'reserved,' while generations y and z (oen just called mil- lennials) tend to favor more 'collaborative' and 'in-person' means of communicating." ese are generalizations surely but may be helpful for younger leaders to prepare for. Young leadership is not entirely new and is certainly relative. In 1783, William Pitt the Younger became prime minister of Britain at 24. at fact alone may inspire lawyer competitiveness. ... fortuna favet fortibus NOVEMBER/DECEMBER 2018 VOLUME 20 NO. 2 EDITOR-IN-CHIEF Jean Cumming SENIOR EDITOR Elizabeth Raymer ASSOCIATE EDITOR Gena Smith ART DIRECTOR Brianna Freitag COVER Roberto Cigna DIRECTOR/GROUP PUBLISHER, MEDIA SOLUTIONS, CANADA Karen Lorimer SALES MANAGER Paul Burton CONSULTANT, STRATEGY AND BUSINESS DEVELOPMENT Ivan Ivanovitch BUSINESS DEVELOPMENT CONSULTANT Kimberlee Pascoe ACCOUNT EXECUTIVE Steffanie Munroe MARKETING & CIRCULATION Mohammad Ali PRODUCTION COORDINATOR Joanne Richardson (416) 649-8818 joanne.richardson@tr.com Lexpert® Magazine is published 7 times a year by Thomson Reuters Canada Limited. One Corporate Plaza, 2075 Kennedy Road Toronto, ON M1T 3V4 Tel: (416) 609-8000 Fax: (416) 609-5840 Website: www.lexpert.ca All rights reserved. Contents may not be reprinted without written permission. Lexpert® Magazine is printed in Canada. PUBLICATION MAIL REGISTRATION NO. 40065782. ISSN1488-6553 COPYRIGHT© THOMSON REUTERS CANADA LIMITED. ALL RIGHTS RESERVED. G.S.T. REGISTRATION # 897176350RT0002. LETTERS TO THE EDITOR may be faxed to: (416) 609-5840 or e-mailed to: jean.cumming@tr.com SUBSCRIPTIONS/ADDRESS CHANGES Contact: Keith Fulford at (416)-649-9585 or e-mail: keith.fulford@tr.com Annual subscription costs C$175. To change your subscription address, please send your new address along with a copy of your mailing label(s) to the Subscription Dept., at the address indicated above. For all other circulation inquiries, please e-mail Keith Fulford.

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