Counsel To Counsel - Career Advice For Lawyers

Aging baby boomers now fill the senior ranks of many law firms across the United States. Because of this, hundreds of partnerships will be facing succession planning issues in the next decade. How can firms make successful transitions and ensure the long-term viability of their practices? How will senior partners transition their clients to younger partners, so the clients are well served in the future? How will the next generation assume responsibility for managing the firm of tomorrow? Underpinning all this is a reality: Lawyers are living longer, lawyers have very strong professional identities, and many senior lawyers are not doing a good job of planning their own transitions. A lot of lawyers have worked hard for so long that it is difficult to imagine what might fill the void if they were to leave or cut back. What will these attorneys do when they are no longer chairing a department or actively serving clients they have worked with for decades? What are some of the creative strategies that lawyers have