Succession Planning

As baby boomers approach retirement, many law firms will face the loss of key leaders, rainmakers and partners responsible for important client relationships. Some partners will retire suddenly while others will phase down slowly. In all instances it is essential to be well prepared for the transition of their clients to other partners in the firm. This is a delicate and emotionally charged issue requiring each partner’s succession plan to be tailored to his/her particular facts and circumstances to ensure the plan is successful in achieving the firm’s objectives.  We have developed succession plans for many partners and understand and appreciate the economic, business and emotional objectives of the firm and the individual partner.

Partner Succession Plans

We will  develop a practical, affordable and reasonable succession plan for your firm’s retiring partners that is intended to align the goals of the partner and the firm. It will be customized for the particular partner to ensure it accomplishes the objectives of both the firm and the particular partner.