Definition: is the highest position that a senior partner of a company can be assigned to. An individual holding this post is responsible both for the overall running of a business and for overseeing its day-to-day operations. The duties and responsibilities of a managing partner can be compared to those of a chief executive officer of a small company. Such a position can be commonly found in accounting and law companies due to the nature of their respective industries.
In a Sentence:
Our company’s managing partner has made the decision about which lawyer will represent Mr. Blackwell during the trial.
Before you proceed to appoint him as a managing partner, be sure that you both have compatible working styles.
Frank Launder became the managing partner in Lloyd & Launder since he was one of the co-creators of the firm.
Synonyms and related words: senior partner, CEO, general partner, nominal partner, limited partner