Lawyer Succession: Keys to Partner Compensation and Client Transfers

recording Lawyer Succession: Keys to Partner Compensation and Client Transfers

You Will Learn:

  • Key steps in creating a detailed transition plan
  • Impact of partner compensation systems including origination credit
  • Real life examples of successful partner succession plans, including compensation factors
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$267.00
 

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  • On-Demand Lawyer Succession: Keys to Partner Compensation and Client Transfers $0.00
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Your firm (along with every other firm) is about to be hit with a wave of boomer retirements... and let's face it you're unprepared.

In fact, according to a recent study 59 percent of managing partners don’t feel their firms are well-prepared for retirement and succession of baby boomers.

You can't wait to address this looming loss of both talent and revenue. Why? Because senior rainmakers aged 60 or older control 50 percent or more of the client base and in most cases run the firm. That's right, 50%!  How will your firm survive without that leadership and revenue?

Learning Objectives

This essential webinar will explain how to make specific compensation decisions for individual partners as they transition to retirement; and how smart firms should prepare now for issues associated with senior-level partners’ departure from practice, before a client crisis occurs.

  • Succession planning process and its essential components
  • Aligning firm culture and strategy with succession planning
  • Key issues that arise in the planning process

Our expert faculty will also guide you through:

  • Key steps in creating a detailed transition plan
  • Variables based on practice as affected by firm strategy
  • How soon is too soon to start planning a retirement/succession compensation plan
  • Impact of partner compensation systems including origination credit
  • Considerations for partners who retire vs. part-time succession
  • How to weave principles of change management into succession planning
  • How to manage the psychological impacts of succession
  • Real life examples of successful partner succession plans, including compensation factors

Product ID: 21182

Learn How to Make Compensation Decisions for Partners as They Transition to Retirement!

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Faculty

Jonathan Fitzgarrald
Jonathan Fitzgarrald
Managing Partner, Equinox Strategy Partners

Jonathan Fitzgarrald is Managing Partner of Equinox Strategy Partners, providing service professionals and firms with strategic counsel to drive revenue and increase market visibility. For nearly two decades and prior to founding Equinox Strategy Partners, Jonathan directed the sales and marketing at three, top business law firms.

Roxanne Jensen
Roxanne Jensen
Founder, EvolveLaw

Roxanne Jensen has 30 years of experience as a lawyer and consultant for law firms and firm partners. Roxanne practiced law at Morrison & Foerster LLP for 17 years, and served as the Managing Partner for MoFo’s Denver office for 3 of those years. After leaving MoFo, she established and grew a Division for Lateral Partners and Firm Mergers for a national recruiting company. She joined Catapult Growth Partners in 2011, and in 2014 she founded EvolveLaw. Through EvolveLaw, she works with firms nationwide to set and execute business strategy.

Continuing Education Units

  • cle

    C4CM provides audio conference attendees with CLE credit processing services. To expedite C4CM processing your CLE request, please complete and submit the evaluation form available from C4CM at the conclusion of the audio conference. It will be necessary to enter the following information: name of each attorney requesting CLEs with full contact information, including e-mail address, bar number, and the state in which the attorney wants credits. Each attorney requesting credits must submit an evaluation.

    Please be advised C4CM audio conferences are subject to approval from each CLE issuing organization and approval is not guaranteed (state bar associations in Delaware, Indiana, Kansas, Ohio, and Pennsylvania do not grant CLE credits for audio conferences). The approval process takes approximately 6 – 8 weeks for most organizations but can take as long as 3 – 4 months. You will be notified via e-mail with the final status of your CLE application.

    Any person applying for CLE credits must attend the audio conference from start to finish (attendance will be taken for compliance reasons). Requests for CLE credits must be received no later than two weeks following the conclusion of the audio conference or live conference. CLE credits are not available for CD recordings.

    If you have any questions regarding CLE credits, contact Jill Adler at 631.368.2082 x 21 or jill.adler@meeting-matters.com.

Learn How to Make Compensation Decisions for Partners as They Transition to Retirement!

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