Wednesday, October 26, 2011
MANAGING AN INTERNAL SUCCESSION PLAN GONE WRONG
You have always envisioned your firm going on indefinitely. But you have now realized you don’t have a bench strong enough to provide the young partners that can succeed your current partners. How do you determine if you can execute an internal succession plan? How do manage this situation for the maximum benefit for all your partners. You might be surprised by how many options you have and that you don’t necessarily have to sell to find a solution!