Law firms aren’t exactly known for their ability to change quickly. In fact, they tend to be viewed as institutions that are slow to evolve.
But the inevitable retirement of firm leaders is one change all firms know will happen.
The inevitable retirement of firm leaders is one change firms of all sizes know will happen. While no firm is exempt from succession planning, that preparation, or lack thereof, can really mean the fortification or the doom of small and midsize firms, according to legal industry experts. Small firms have a limited pool of lawyers to fill retiring leaders' shoes, but even a midsize firm can discover that its group of lawyers doesn't contain a real manager, said consultant Joel A. Rose.
May 21, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Law firms aren’t exactly known for their ability to change quickly. In fact, they tend to be viewed as institutions that are slow to evolve.
But the inevitable retirement of firm leaders is one change all firms know will happen.
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