As the baby boomer generation is moving into career phase-downs and retirement, law firms are facing a rapidly cresting tsunami of change. Firms that fail to create an effective succession plan could face stark consequences, including loss of leadership and expertise, and the loss of revenue from poorly managed client transitions.
Unfortunately, many firms avoid or delay identifying and addressing these issues. And often when they do have a succession plan, it’s overly optimistic, or contains significant strategic gaps.
In this webinar, you will learn:
- Why succession planning is so critical to today’s law firms
- How to identify the magnitude of your firm’s succession planning challenges and potential problems
- How to approach key issues such as client transitions, leadership, financial issues, and compensation
- The elements of successful transitions and effective succession programs and pitfalls to avoid