Report: Re-imagining succession planning

February 6, 2024

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Report Overview

This report contains;

What works when succession planning.

The lack of succession planning is often the cause of selling a firm or of it being acquired. To find out why succession planning is often met with resistance, Millbourn Ross interviewed 30 managing partners/CEO’s and COO’s from 14 regional and 16 London law firms ranging in t/o from £4m-£100m to see if succession planning could be re-imagined. It is an issue that should be considered as business critical to ensure that the right future leaders are in place.

  • Do you have a succession plan in place?
  • How do you identify successor talent?
  • Can you stop unconscious bias?
  • How to you manage the step up to equity partner?
  • Do you have an official retirement age?
  • Glide path to consultant.
  • Support for retiring partners.
  • Managing partner succession.
  • Alumni.

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