Law Firm Succession Planning: Do One Simple Thing

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Law firms must not only recognize the need for succession planning, but also plan, act, manage, and compensate for upcoming transitions.  The best solution is to factually determine if the firm has significant succession issues, and whether their breadth, depth and substance merit development of a succession plan of some kind.

There is one simple thing you can do immediately to objectively assess (and demonstrate to your partners) the need for succession planning in your law firm. 

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