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Law Firm Succession Planning

Law Firm Management: Are Your Succession Plans Up To Date?

By March 28, 2019No Comments

The U.S. workforce is at a pivotal transition point: Starting back in 2010, roughly 10,000 baby boomers have been turning 65 each day — and that rate will continue until the end of 2029, according to the Pew Research Center. Many of these boomers are legal professionals. A recent study from the American Bar Association estimates about one-third of all lawyers are over the age of 55, and the implications of this reality for law firm management are huge. As boomer-era attorneys and legal support staff retire, legal managers can’t just hope for the best. Preparing for the future is an imperative now. Here are six law firm management tips for effective succession planning. Read More