Many law firms are facing business challenges as a result of demographics. As long-established baby boomer partners retire, their firms struggle with how to ensure that they retain client relationships. Those same firms risk losing the experience, knowledge and expertise of their senior partners developed over the course of their careers so how can they ensure that it is transferred to the next generation of partners? In the same way that firms build and develop their talent pipelines at the associate level, they need to be constantly developing the practice group leaders, lead client partners and rainmakers of tomorrow. The only way to develop a firm's leaders of tomorrow is by creating and implementing a thoughtful and strategic succession plan. It can be challenging and it takes commitment but ongoing succession planning is essential to secure the future of your firm.
Our focus in working with clients on succession issues is to support them as they bring clarity to a vexed issue. We bring our diverse experience to bear by working with you to tackle the strategy, the communication and the execution of your succession plan, using the full range of our consulting, training and coaching expertise.
If you would like to discuss succession planning issues, please contact Nicholas Jelfs-Jelf.