The American Lawyer | Commentary
By David E. Wood | July 26, 2024
There is mass amnesia about how fragile law firms really are. Even storied firms can collapse when their fortunes change—and fortunes can change fast.
The American Lawyer | Analysis|News|Q&A
By Amanda O'Brien | July 16, 2024
In a conversation about his new book, Douglas Wood pushes firms to help support aging attorneys as they come to "embrace irrelevancy."
By Elizabeth Lampert and Lara Cupit | July 12, 2024
"In a crisis, it's not just about identifying a leader who can step in, but also about managing the firm through the crisis," write Elizabeth Lampert and Lara Cupit.
By Dan Roe | July 12, 2024
A desire to prepare attorneys for management roles is driving O'Melveny's strategy of cycling through leadership appointments in practice groups and elsewhere.
By Paul Hodkinson | June 12, 2024
In this week's Asia Legal Briefing, Jessica Seah explains why the country's established leading law firms are set to lose ground to rivals.
The American Lawyer | Analysis|News
By Amanda O'Brien | June 4, 2024
"I'm not reliant on any one specific attorney in any area I need assistance," said Utz general counsel Theresa Shea. "If someone were to retire, my primary billing contact might change, but my overall relationship with the firm would not."
By Amanda O'Brien | May 30, 2024
Former equity partner and corporate department chair Michael Kline says he was forced into an income partner role at the firm in 2018 on hitting age 73.
By Nanette Miner | May 23, 2024
A solid succession plan often results in a higher valuation if selling, and a successful transition when passing the reins to younger employees, family, or establishing an ESOP.
The Legal Intelligencer | Commentary
By Daniel J. Siegel | April 19, 2024
Pennsylvania's newly proposed Rule of Professional Conduct 1.20 makes succession planning mandatory. It is a very good start, but hopefully, after public comment, the Disciplinary Board will revise and improve it.
By ALM Regional Brand Editors | April 19, 2024
One of Connecticut's largest law firms doubled its footprint while five partners at a now-defunct boutique found homes at New York's Warshaw Burstein.
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