NEXT
Sign in to follow

The American Lawyer

For Law Firm Succession Planning, GCs Take Matters Into Their Own Hands

"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."
5 minute read

New Jersey Law Journal

'Hang Up Your Spurs': Longtime Fox Rothschild Partner Claims Age Discrimination in NJ Lawsuit

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.
5 minute read

International Edition

Brazil's Demarest Elects New Managing Partner for 2-Year Term

The full-service firm, one of the largest in Latin America, has hired more than a dozen partners in the past eight months for growth areas such as private equity.
2 minute read

Law.com

What Every Lawyer's Client Needs to Know About Succession Planning

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.
7 minute read

International Edition

Bennett Jones Names New Office Leaders in Vancouver, Montreal, and Toronto

All three new managing partners will continue to practice while running their offices.
3 minute read

The Legal Intelligencer

New Proposed Succession Planning Rule Hits Target but Misses the Bullseye

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.
8 minute read

Pro Mid Market

Mid-Market Roundup: Growing Midsize Firms Take More Space and Find Talent in Boutiques

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.
5 minute read

The American Lawyer

Weil Revises Partner Pay Criteria, as Firm Plots Leadership Succession

Barry Wolf has led the firm since 2009 and will hit the firm's mandatory retirement age of 68 within the next four years.
6 minute read

Law.com

Retirement Succession Can Hedge Against Lateral Partner Acquisition Risks

While growing by acquiring lateral partners and practice groups can be lucrative, it carries many risks. Lateral candidates' projections of the revenue they will bring to a new firm can prove inaccurate, or a particular candidate may simply be a bad fit culturally.
13 minute read

Texas Lawyer

'It Is Never Too Early': Succession Planning Tips for Veteran-Owned Businesses

Succession planning is critical to all businesses to ensure smooth and continuous operations after important people move on to new opportunities, retire…
6 minute read

TRENDING STORIES

Law Pro Logo

Featured Firms

Law Offices of Gary Martin Hays & Associates, P.C.

(470) 294-1674

Law Offices of Mark E. Salomone

(857) 444-6468

Smith & Hassler

(713) 739-1250

More from ALM

More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

Resources

  • 5 Proven Steps to Accelerate Business Growth in a Crowded Legal Market

    Brought to you by AllRize

    Download Now

  • 2024 Report: Digital Payments in Class Actions and Mass Torts + a Special Look at Industry Fraud

    Brought to you by Western Alliance Bank, Member FDIC.

    Download Now

  • Law Firm Office Space Perspective: Major U.S. Markets

    Brought to you by JLL

    Download Now

  • Expanding Your Practice Areas: How to Expand Offerings that Attract and Retain Clients

    Brought to you by Filevine

    Download Now