Top 10 Managing Partners - 2023

A business partnership, like any other business, needs someone to run the day-to-day activities. Often, one partner is selected as managing partner with duties separate from those of other partners in the firm. The partnership may decide to management the partnership as a group, but it's difficult to get consensus if the group is large, and management duties take away from primary duties of partners to get clients and provide services. In this case, the partnership may of select one partner as managing partner. The managing partner wears two hats: working as a partner in their professional capacity, and as the general manager. They report to an executive committee of the partnership or to the partners as a whole, similar to a board of directors for a corporation.

"One man can be a crucial ingredient on a team, but one man cannot make a team"

Significance of Managing partners: Managing partners are responsible for guiding a business’s strategic direction and managing day-to-day activities; they often have a stake in the company. They maintain positive client relationships and drive new business acquisitions and develop and implement organizational goals, procedures, and policies. They consult and cooperate with other executives, board members, and employees and manage, monitor, and review business operations. Managing partners work with executive committees to set strategies for a long-term goal, a policy, and a procedure. They are closely responsible for communication within the business, to employees and other partnerships, and entities outside the company, including the press. If a company seeks new partnerships, they participate in the new partner intake process and determine partner payments and agreements. They also manage specific physical office elements including dealing with vendors and utilities and maintenance contractors. Managing Partners need a degree in Business Administration or related fields.

Revenue: The global Partner Relationship Management Market size to grow from $920 million in 2020 to $1,997 million by 2026, with a CAGR of 13.8 percentages during the forecast period, according to a new report by Markets and Markets.

CEO Insights in this issue presents a list of ‘Top 10 Managing Partners – 2023' who have leveraged their extensive industry expertise and experience in offering effective skills to the market. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board. We recognize their valuable contribution to the ever expanding and competitive market and their ability to sustain themselves and emerge as top contestants through their reliable knowledge.