The loss of a leader can rip the heart out of a law firm, sapping morale, identity and confidence. Case in point: Boston's Testa, Hurwitz & Thibeault, which dissolved this year. Some firms actually resist facing up to managing partners' retirement or the phasing out of their duties -- a situation that one consultant likens to "telling your father that he now ought to take the back seat." To those who haven't planned ahead, experts warn that a fear of dealing with the future can leave a law firm without one.
April 29, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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