The partner is an important member of a firm or practice. He or she is often responsible for managing day-to-day operations, supervising staff, and making important decisions about business strategy. Partners may also be involved in the development of new products or services, as well as the expansion of the firm's operations. They must have a solid understanding of finance and business, as well as leadership and communication skills to succeed in their role. Ultimately, associates are responsible for the overall success of the company and work hard to achieve the goals set by management.