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Forum (Forum & Focus)

Feb. 10, 2009

Exit Strategies

As baby boomers start retiring, firms need to think about transitioning all levels of leadership, writes Marcia Watson Wasserman. - Firm Guidance

FIRM GUIDANCE

By Marcia Watson Wasserman

The sun is starting to set on the age of baby boomer dominance. As boomers turn to thoughts of retirement, firms need to think about transitioning all levels of leadership. Successfully transitioning a lawyer's practice can take three to five years, and transitioning firm leadership can take even longer. If firms plan for generational transitions, the process can be relatively painless and even invigorating...

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