Legal Business Development: Succession Planning
Do you and your firm have a succession plan? Or maybe this sounds familiar: “I’ve been meaning to think about it, but it always gets pushed to the side by the everyday demands of the practice.”
I met a partner from a small firm that said nearly everyone in the firm was approaching retirement in the next nine years. When I asked what their succession plan looked like, his response was typical… “Quite frankly we haven’t given it a thought.” I followed up with… “Will you close the doors when the last partner retires?” He shrugged his shoulders indicating that . . . [more]
