Big Law's succession challenges

Wave of Big Law Leader Exits Stokes Succession Concerns

A wave of Big Law firm managing partners, CEOs and chairs are transitioning out of leadership as the pandemic crisis subsides.

Law Firm Closures and Mergers Underscore Succession Planning ...

Fierce competition for talent and concerns over succession planning are leading to big challenges for small law firms—and lately some of ...

Why is Succession Planning for Law Firms So Difficult?

prepare the next generation of potential leaders? · reexamine firm strategy to take account of both the transition issues and changes in the ...

Succession Planning at Law Firms: Issues and Strategies -

The second reason why law firms don't plan for succession is that it's not easy. Succession planning involves more than just partners. The whole ...

Four in 10 Law Firms Lack Leadership Succession Plans

Nearly four in 10 (39 percent) attorneys polled said their law firm does not have a succession plan in place for its key leadership roles.

How Succession Challenges Could Accelerate Firm Combinations

We often find that the underlying motivations driving firms to attempt to grow through merger or, more often, acquisition, ...

How Some Law Firms Are Reimagining Succession Planning

Some Big Law firms are rethinking their approaches to origination credit and client inheritance ... issues to the senior counsel role ...

Law Firms Are Struggling to Implement Succession Plans as They ...

"It's still treated as a lawyer issue and not a firm issue," Corcoran said. "The biggest challenge in succession planning is that law firm ...

Frustrated With Your Firms Succession Planning

Many older partners with large practices got to where they are by constantly reinforcing the value of their skill and experience. Being at the peak of one's ...

Examining How to Navigate Succession Planning Challenges in the ...

The podcast discussion centered around Leopard's eye-opening findings: many top law firms are inadequately prepared for succession planning.

Five Pitfalls To Avoid With A Law Firm Succession Plan

Common Pitfalls to Avoid When Developing a Law Firm Succession Planning · Not Mentoring Upcoming Partners · Not Giving Plenty of Time for Transition · Not Valuing ...

Succession Planning for Law Firms. Hold My Beer

The typical law firm business model and lawyer hubris often stymie effective succession planning. Not that long ago, there was a plethora of ...

Law Firm Succession Plan | It's Never Too Late to Begin

Take a careful look at your law firm's most influential leaders and biggest rainmakers. Chances are good that these individuals will be retiring ...

Practice Innovations: Using succession planning to ensure your law ...

Retirement & succession issues are not discussed enough among law ... large dose of self-confidence. “Unfortunately, many lawyers bury ...

Solving the Law Firm Succession Puzzle Through Compensation ...

Such a system can harm everyone concerned. The firm risks the loss of profitable clients. Younger attorneys are denied the opportunity to establish productive ...

Succession Planning in Law Firms: It's never too early…but don't ...

Succession Planning in Law Firms: It's never too early…but don't leave it too late · 1. First things first: look for signs your key people are ...

Succession Planning Challenges? Don't Let Them Hold You Back.

With Baby Boomers retiring left and right, law firm leaders everywhere are talking about succession planning. Yet, much like the weather, ...

Succession Planning at the Smaller Law Firm-A Bigger Challenge

Swirling around these two key issues are a couple others-communication and timing. Because installing new leadership can create the most ...

Law Firm Growth and Succession Planning: 4 Considerations

When it comes to creating growth strategies for smaller law firms, many senior attorneys who own law firm face a challenging decision: sell the practice or ...

Laura Leopard on Law Firms' Current Succession Planning: Step One

She advises setting retirement age limits, crafting written plans, and easing older partners' exits. A too-big-to-fail mentality persists ...