Succession & Transition

Succession is on every law firm 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 have a formal process in place to address and manage succession. Retirement is one of the most difficult transitions partners contemplate and requires firm leaders to approach this with sensitivity and flexibility so that each partner’s goals and circumstances can be considered. Having no plan or process in place, however, will threaten a firm’s future success and will impede continued stewardship of the firm, the practice and each partners’ legacy. RainMaking Oasis helps law firms address succession and transition challenges by advising on and designing custom approaches and providing management and individual partner support to effectuate smooth transitions and long-term stability.