Labaton Keller Sucharow Chairman Eric J. Belfi authored “7 Ways Legal Leaders Can Foster Firmwide Stewardship,” published by Law360 on October 13, 2026.  Drawing on his experience leading an international plaintiffs firm, Eric examines how law firm chairs can balance expanding responsibilities while developing the people and systems needed to sustain long-term success.

As leaders take on broader mandates across strategy, client relationships, talent, operations, and succession, Eric emphasizes the importance of maintaining “strategic altitude”—the perspective needed to assess how individual decisions collectively shape the firm’s future.  Effective stewardship requires knowing when direct involvement is essential and when colleagues should have the authority to act independently.

Building that leadership capacity also requires a willingness to hear challenging perspectives.  As Eric writes, “I need colleagues who tell me what I may not yet see.”  He explains how constructive disagreement, meaningful delegation, and communication across practices and business functions strengthen judgment and help firms identify emerging opportunities and risks.

The article also explores the strategic choices involved in committing a firm’s resources.  For plaintiffs firms, case selection requires considering how each matter draws on time, capital, relationships, and reputation within the broader portfolio.  Eric applies that same discipline to investments in talent, technology, and new capabilities, emphasizing the importance of responding to client needs while preserving the firm’s purpose and entrepreneurial culture.

Ultimately, Eric advocates evaluating leadership through the institution’s enduring strength alongside its financial performance.  Talent development, client stewardship, succession readiness, and the ability to make sound decisions throughout the organization all help determine whether a firm is prepared for its next chapter.