Succession Planning for Law Firms

Succession planning is a key part of the management of any law firm.

It involves:

• having an understanding of partners’ retirement plans
• identifying future succession needs
• identifying and developing potential successors
• developing partner competencies so that prospective partners understand what is expected of them – they know what “good” looks like and have a goal to achieve
• providing management skills training to the next generation of leaders.

It forms an integral part of developing law firm strategy and is a key aspect of much of our work on management and leadership.