Reading the legal press over the last two or so years could lead to the natural assumption that law firms are getting better at succession planning, particularly the planning part. A growing number of firms have announced new firm leadership and many have done so upward of a year in advance.
While consultants would tout any succession planning done by an industry that has for years lagged on that front, they also cite to a few phenomena forcing some of that change: the aging population of firm leadership and the need for an innovative approach to an evolving industry.
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