In many of the more financially and professionally successful law firms, the opportunity of the firm to profit from the transition of clients from a departing senior partner to other partners at the right time has been well-established. In these firms, client transition has become a function of management and client development opportunity rather than the age of the departing partner.
Every client, no matter how large or small, usually has one point person who has the greatest role in selecting and retaining the law firm. And every firm, regardless of size, is usually connected to each of its clients by one person, almost always a partner, whose links are a little stronger than anyone else’s.
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