Most law firms approach their practices optimistically-with a kind of “glass is half-full” outlook. Getting business, building client relationships and creating a brand typically are a firm’s focus rather than thinking about failure or disaster. That is especially so when law firms form. Future developments like mass departures or dissolution usually do not enter into
Unwanted Law Firm Departures While Negotiating a Merger-A Test of Leadership
Law firm mergers seemingly are announced weekly and continue a trend as to which most observers are accustomed. Just last week Locke Lord and Edwards Wildman Palmer jointly announced the signing of a letter of intent to combine their two firms. Not all law firm mergers are marriages of equals, or instances when the strategic
Law Firm Succession Planning: Facing a Contracting Market
In a recent post about law firm succession planning, I observed
“Succession planning and execution in 2014 is far more difficult than it was a decade or more ago. It is not that it is harder today to identify credible candidates to succeed existing leadership; searching for the best talent is a task that has
Law Firm Succession Planning-The Aging Partner Ranks
Law firms planning for succession cannot rest easy even when the “next-in-line” process is settled or the next leader selected. No doubt thinking about these things is vitally important for a law firm hoping to weather transition. But it is just part of the task of succession planning.
One area of succession planning given short
Succession Planning – A Law Firm Must
While in Seattle with my partner Roger Hayse we stopped by the LexBlog World Headquarters. We enjoyed meeting the whole team and while there, Colin O’Keefe conducted the following interview of me on succession planning.