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With Succession Planning, Inertia Is Not an Option

By Phillip A. Bottari
March 27, 2008

Turning over the reins of a law firm is an art form. A well-staged plan that allows for a seamless transition from current leaders to the next generation ' in both client relationships and management responsibilities ' is crucial to the health and longevity of your partnership.

Failure to cultivate new leaders and expand connections to clients throughout a partnership can lead to political infighting and uncertainty, causing younger partners and associates to question their future, and leaving a firm exposed to a sudden vacuum of expertise, thus threatening longstanding client relationships.

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