Lessons Learned from a Law Firm Breakdown

(This article first appeared in SLAW)  The line between bad strategy and a law firm collapse is as thin as a noose.   Yet law firms practice bad strategy on a regular basis.  Take heed from the lessons of a very public breakdown. A client recently gave me a copy of Norman Bacal’s book “Breakdown, the Inside [...]

What’s My Exit Strategy?

Are you a lawyer considering retirement, or do you know someone who needs to start thinking about their retirement?  If so, read on... It seems counter-productive to be thinking of an exit strategy when building a business; but that’s precisely what experts say you should do.  This was particularly relevant during the .com era when [...]

By |2020-02-11T18:21:06-05:00February 11th, 2020|Career Management, Free Advice, Planning, Succession|0 Comments

Do You Need Retirement Coaching?

A growing portion of my coaching business has been to help lawyers and law firm senior support staff to plan for their retirement. Traditionally, we’ve gone to accountants to help us plan for retirement because we’ve primarily been concerned about ensuring that once we stop collecting a regular pay cheque, we have enough money to [...]

By |2019-01-28T09:58:34-05:00November 21st, 2018|Planning, Succession|0 Comments

How to Support a Lateral

Laterals can be a wonderful addition to a law firm. They can also be an incredibly expensive drain – financially, in terms of resources and with respect to morale.  Here’s how to ensure your lateral hires can help rather than hurt your firm. It’s said that laterals have around a 70% chance of surviving in [...]

Planning for Succession: Part One

Over half of my clients are focused on how to survive the transition from a first to a second-generation law firm. This is a critical and difficult business subject to deal with so I will explain the issue and its solutions over two postings. In this first one, I’ll seek to broaden your perspective of [...]

By |2019-01-28T09:58:40-05:00October 11th, 2017|Succession|0 Comments

Why Do We Need Succession Planning?

For some lawyers – especially those with 30+ years of practice under their belt - succession sounds like business speak for “force me out”. And as the senior lawyers in a firm usually wield power, either because they are rainmakers or sit on the executive, they can keep succession off of the agenda until their [...]

By |2019-01-28T09:58:42-05:00February 25th, 2017|Succession|0 Comments

Succession Strategies for All Sizes

Firms are filled with people so passionate about their profession that their sense of self is founded in their careers. So the last thing they want to think about is leaving their profession.  Yet unless they give their eventual departure some strategic thought, they could be orchestrating a disastrous crescendo to their own career. Many [...]