Succession & Transition
Succession is on every law firm and law department leader’s mind especially given the acceleration of large numbers of pending baby boomer retirements. Despite the compelling demographic realities, only one third of law firms and about one quarter of law departments have a formal process in place to address and manage succession. Retirement is one of the most difficult transitions senior lawyers contemplate and requires leaders to approach this with sensitivity and flexibility so that each lawyer’s goals and circumstances can be considered. Having no plan or process in place will threaten a firm’s or department’s future success and will impede continued stewardship of the firm/company, the practice and each senior lawyer’s legacy. RainMaking Oasis helps law firms and legal departments address succession challenges by advising on and designing custom approaches and providing management and individual partner support to effectuate smooth transitions and long-term stability.