Succession Planning: Transition Strategies for Law Firms and Exiting Lawyers Session
Succession planning is top of mind for today’s legal leaders, for good reason. Nearly 65 percent of equity partners are projected to retire during the next decade, according to research cited in a report from the ABA and the National Task Force on Lawyer Well-Being, while corporate law departments expect a similar exodus from their leadership ranks. In this episode of The Robert Half Legal Report, Ida Abbott, principal of Ida Abbott Consulting, joins host Charles Volkert, senior district president of Robert Half Legal, to discuss critical components of succession planning that can position law firms or legal departments, their clients and departing leaders for future success. They provide insights to assist firms in respectfully supporting senior-level lawyers as they prepare to exit the practice and offer strategies to help lawyers identify and plan a positive transition into retirement or their next career post.