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Designing a Succession Plan for Your Firm
September 21, 2021 at 12:00 pm
The statistics are alarming:
- 400,000 lawyers in the United States are 62 and older
- 30 – 40% of actively practicing lawyers are at the age and stage where they are beginning to retire or to contemplate retirement
- 63% of law firm partners, aged 60 or older, control at least ¼ of their firm revenue
- Most law firms do not have succession plans in place.
Is your firm prepared for your most active rainmaker to retire? Is recruiting and retention of top talent a challenge because you have not addressed succession? As a solo, do you struggle to identify your successor? This program will guide you through the challenges to succession planning, a deep dive into succession planning, along with best practices for your firm to develop a successful model to transition lawyers and clients through the process.
Please join us for a panel discussion with Tom Lenfestey of the Law Practice Exchange and Camille Stell with Lawyers Mutual Consulting as we dive into successful strategies for a smoother transition.