3 Tips For When A Longtime Firm Leader Steps Down

By Sam Reisman (November 3, 2017, 5:17 PM EDT) -- Choosing a new person to lead a law firm after years or even decades under the same management can be a fraught, high-stakes procedure with the future of the firm resting on the outcome.

Consultants and experts agree that the most successful transitions require a transparent, open process of evaluation that locates a happy medium somewhere between a chaotic free-for-all election and a coronation that takes place quietly behind closed doors.

Additionally, there are steps firms can take in the years leading up to a chair or managing partner's retirement that can help make the handoff go much more smoothly, such...

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