Requisition Number: 2022-04-01546-0174-002
Job Title: Practice Manager - Capital Markets
City: New York
State: NY
Shift: Monday - Friday; 9:00 AM - 6:00 PM
Hours: 40

Simpson Thacher & Bartlett LLP is one of the world’s leading international law firms. The Firm was established in 1884 and has more than 1,000 lawyers. Headquartered in New York with offices in Beijing, Brussels, Hong Kong, Houston, London, Los Angeles, Palo Alto, São Paulo, Tokyo and Washington, D.C., the Firm provides coordinated legal advice and transactional capability to clients around the globe. Cross-border finance, banking and bank regulation, mergers and acquisitions, securities issuance and regulation, project and asset based finance, real estate, asset management, joint ventures, taxation, litigation and dispute resolution are important aspects of the Firm’s practice.

Practice Manager - Capital Markets

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Description/Job Summary

The Practice Manager will serve  as trusted advisor and “chief of staff” to the Heads of the Capital Markets Group. The Practice Manager will work directly with practice group (PG) leadership to drive accountability and ensure operational efficiency within the assigned practice group.  In this role, the Practice Manager will report to the Director of Practice Innovation and work closely with other business operations departments (e.g., Knowledge, Finance, Legal Personnel, BD, IT, HR, Office of General Counsel, etc.) to support the practice operations, business strategies, financial profitability, resource management, and plans of the assigned practice group. The Practice Manager will also report to his or her respective practice heads, and will be based in New York (preferred) or one of the firm’s other office locations.

Responsibilities/Duties

  • Serve as trusted advisor and “chief of staff” to PG leadership
  • Collaborate with PG heads, partners and other key stakeholders to develop a vision and strategic practice group plan with clear and achievable goals focused on revenue, profitability, headcount, reputation, brand awareness, profile and competitive differentiation
  • Identify opportunities for operational efficiency and relentlessly execute on PG strategic plan and track progress
  • Support PG heads with the daily operations of the assigned practice group, including preparing for and running PG meetings and retreats
  • Identify opportunities for improvement, innovation, and efficiency in business operations, matter management, infrastructure, methodologies, and develop solutions and plans for corresponding action
  • Collaborate with Knowledge colleagues to continue to drive efficiencies, improve processes, and incorporate innovation in legal service delivery
  • Collaborate with Finance colleagues to analyze PG financial performance (revenue, profitability, realization, utilization, WIP, A/R); report regularly on key performance indicators, make recommendations for appropriate actions to improve group financial performance, monitor progress and execute on related action items
  • Take primary role in monitoring the PG’s operational expenditures
  • Support Finance colleagues with matter pricing and management
  • Collaborate with Legal Personnel colleagues to create and execute on lateral onboarding and integration programs for attorneys joining the PG
  • Collaborate with Legal Personnel colleagues on training and resource planning and management, recruiting, retention, partnership pipeline, succession planning, and other aspects of talent management
  • Collaborate with Business Development to increase cross-selling efforts within the firm and enhance client collaboration
  • Monitor current trends and best practices in legal and professional services management; communicate the impact of new innovations, developments, and regulations
  • Participate in fostering 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
  • Outstanding interpersonal skills; ability to lead through influence rather than direct control and to create consensus-based support for business strategies and decisions
  • Superior presentation, writing, and verbal communication skills; confidence and professionalism to interact credibly and diplomatically with all levels in an organization, including partners and firm management—tailoring communications effectively for different groups and stakeholders
  • A consultative, collaborative, and highly client service-oriented approach

Required Experience

  • A minimum of five years serving as a practicing lawyer or business professional with an emphasis on practice management, operations, financial analysis and management, legal project management, client relationship management, and talent management in highly sophisticated legal environments
  • Proven experience driving continuous improvement and innovation in business operations, technology, infrastructure, and practices in a complex, matrixed, global professional services

Preferred Experience

  • Prior experience working with Capital Markets groups preferred

Required Education

  • Bachelor’s degree required

Preferred Education

  • JD or MBA preferred
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Simpson Thacher & Bartlett is committed to a collegial work environment in which all individuals are treated with respect and dignity. The Firm prohibits discrimination or harassment based upon race, color, religion, gender, age, national origin, citizenship status, disability, marital or partnership status, sexual orientation, protected veteran’s status or any other legally protected status. “Gender” includes actual or perceived sex, a person’s gender identity, self-image, appearance, behavior or expression, whether or not that gender identity, self-image, appearance, behavior or expression is different from that traditionally associated with the legal sex assigned to that person at birth. This Policy pertains to every aspect of an individual’s relationship with the Firm, including but not limited to recruitment, hiring, compensation, benefits, training and development, promotion, transfer, discipline, termination, and all other privileges, terms and conditions of employment.