“He acts like I’m … his successor—but he thinks he’s gonna live forever …” – Michael Corleone, “The Godfather, Part II”
Law firm succession planning is neither a comfortable nor an enjoyable topic—but it has never been more necessary. We are required to confront challenging issues: aging, relinquishing our professional identity, an uncertain future, and even mortality. This is an existential issue for some firms and of importance to virtually all. With the continuing retirement of the baby boomers, our profession is undergoing an unprecedented generational transition. Law firms that wish to continue to succeed cannot afford to avoid the topic.
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