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Rethinking Succession Planning for Tough Economic Times

By Phyllis Weiss Haserot

In survey after survey in the business world, succession planning is near the top of the list of critical things to do ' and that doesn't get done. I strongly suggest that firms recognize the urgency of succession planning for firm and practice succession in these treacherous economic times.

Firms need to look at succession planning in the broad sense ' that is, relating to anyone who plays a critical role in the organization, including non-lawyers moving into leadership at various levels. Succession planning is not just about top management.

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