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It seems you can’t gather a group of Managing Partners together for more than 20 minutes without the topic of conversation drifting to something that touches on a critical firm challenge today: “Succession Planning.” No challenge is more ubiquitous in the legal profession – there are simply no law firms of any size where succession challenges are not, or at least should not be, a high priority for firm leadership. Even those lucky firms whose partners are all still relatively young (i.e. all under 60) should recognize the challenge for the future when key individuals ultimately depart.Read More