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Transition Planning and Flexibitlity for Senior Partners

By Phyllis Weiss Haserot

Many of the stories about senior partners pressured to retire so the next generation can take over are not pretty. They contradict long-held notions of what a partnership should be and neglect the long-time partners' non-financial needs.

For younger generations in the workplace to get what they want from a transitioning agreement, there must be something in it for the more senior people too. Here are my thoughts and recommendations.

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