Survey says: 40 percent of law firms don’t have succession plans

June 7, 2012
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A recent survey shows that four in 10 law firms lack succession plans and nearly half of those asked who don’t have plans in place don’t plan on creating one.

Robert Half Legal’s survey includes responses from 175 lawyers at large law firms in the United States and Canada. Attorneys were asked if their law firms currently have a succession plan in place for key leadership roles and if their firms intended to create a plan.

Nearly 40 percent said their firm lacked a plan; 56 percent of firms had a plan and five percent didn’t know if their firms had a plan or did not answer the question.

Almost 50 percent said their firms don’t intend to create a succession plan; 14 percent will create one within the next two years, with 34 percent saying they’ll develop one in the next three to five years.

Charles Volkert, executive director of Robert Half Legal, says leadership transition planning is often put on the back burner until a managing partner or practice group leader retires or resigns. Firms should be proactive in succession planning and not wait until they have to create a plan, he said, because it can take years to identify and train new leaders for key roles.

Is your firm ready for when the managing partner or key leadership people step down?
 

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  1. I gave tempparry guardship to a friend of my granddaughter in 2012. I went to prison. I had custody. My daughter went to prison to. We are out. My daughter gave me custody but can get her back. She was not order to give me custody . but now we want granddaughter back from friend. She's 14 now. What rights do we have

  2. This sure is not what most who value good governance consider the Rule of Law to entail: "In a letter dated March 2, which Brizzi forwarded to IBJ, the commission dismissed the grievance “on grounds that there is not reasonable cause to believe that you are guilty of misconduct.”" Yet two month later reasonable cause does exist? (Or is the commission forging ahead, the need for reasonable belief be damned? -- A seeming violation of the Rules of Profession Ethics on the part of the commission) Could the rule of law theory cause one to believe that an explanation is in order? Could it be that Hoosier attorneys live under Imperial Law (which is also a t-word that rhymes with infamy) in which the Platonic guardians can do no wrong and never owe the plebeian class any explanation for their powerful actions. (Might makes it right?) Could this be a case of politics directing the commission, as celebrated IU Mauer Professor (the late) Patrick Baude warned was happening 20 years ago in his controversial (whisteblowing) ethics lecture on a quite similar topic: http://www.repository.law.indiana.edu/cgi/viewcontent.cgi?article=1498&context=ilj

  3. I have a case presently pending cert review before the SCOTUS that reveals just how Indiana regulates the bar. I have been denied licensure for life for holding the wrong views and questioning the grand inquisitors as to their duties as to state and federal constitutional due process. True story: https://www.scribd.com/doc/299040839/2016Petitionforcert-to-SCOTUS Shorter, Amici brief serving to frame issue as misuse of govt licensure: https://www.scribd.com/doc/312841269/Thomas-More-Society-Amicus-Brown-v-Ind-Bd-of-Law-Examiners

  4. Here's an idea...how about we MORE heavily regulate the law schools to reduce the surplus of graduates, driving starting salaries up for those new grads, so that we can all pay our insane amount of student loans off in a reasonable amount of time and then be able to afford to do pro bono & low-fee work? I've got friends in other industries, radiology for example, and their schools accept a very limited number of students so there will never be a glut of new grads and everyone's pay stays high. For example, my radiologist friend's school accepted just six new students per year.

  5. I totally agree with John Smith.

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