Lack of a Succession Plan Can Lead to the Death of a Law Firm

Firms with aging managing partners should develop a succession plan for transferring clients and management responsibilities (over a five-to-ten-year transition period) to the firm's younger attorneys.

5 minute read October 01, 2023 at 02:01 AM

J. Mark Santiago

Lack of a Succession Plan Can Lead to the Death of a Law Firm

September first is the unofficial end of summer, the beginning of a new school year in many parts of the United States, and for me, it marked the death of an old friend and client.

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