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As firms grow and diversify, new management practices are catching on, among them the placing of term limits on managing partners. Advocates of the practice say it ensures an influx of new ideas, guards against generational conflict within the firm and promotes smoother leadership successions. But, as in the political sphere, term limits have plenty of detractors, too.
July 29, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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