[IMGCAP(1)]Thousands of firms are working through the succession and retirement of senior partners and deciding along the way whether or not they can pull it off internally and stay independent.
The single most important factor for success is what we see when we look over our shoulder—is the bench of people there to succeed us? It is that simple, but for many firms building that bench has been a daunting task. If you have near-term retirements and your bench isn’t up to the task or just doesn’t exist, then you are probably one of the many firms driving the M&A explosion in the profession. If you have some time to work on it, this article will provide some ideas to help you.
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