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Planning for the Future: When it comes to succession planning, law firms have plenty of room for improvement

Bylined Articles
Legal Management

Faced with the statistic that seventy percent of first generation firms do not survive their founding partners, John Sterling and coauthor John Remsen, Jr. discuss the importance of succession planning. In the article, Sterling and Remsen, Jr. discuss the difference between long range and emergency planning, provide myriad best practices for succession planning and management, and offer strategies for transitioning both client relationships and expertise to the next generation of attorneys.

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