The statistics are alarming:
• 400,000 lawyers in the United States are 62 and older
• 30 – 40% of actively practicing lawyers are at the age and stage where they are beginning to retire or to contemplate retirement
• 63% of law firm partners, aged 60 or older, control at least ¼ of their firm revenue
• Most law firms do not have succession plans in place.
Is your firm prepared for your most active rainmaker to retire? Is recruiting and retention of top talent a challenge because you have not addressed succession? As a solo, do you struggle to identify your successor? This program will guide you through the challenges to succession planning, a deep dive into succession planning, along with best practices for your firm to develop a successful model to transition lawyers and clients through the process.
Please join us for a panel discussion with Tom Lenfestey of the Law Practice Exchange and Camille Stell with Lawyers Mutual Consulting as we dive into successful strategies for a smoother transition.
When: Tuesday, September 21, 2021 at Noon CST
Camille Stell serves as President of Lawyers Mutual Consulting & Services. She is a frequent author and speaker on the topics of ethics and professionalism, retirement and succession planning, and law firm trends of the future. Camille assists lawyers with law firm start-up, building modern law firms, and developing succession plans.
Camille serves on the North Carolina State Bar Regulatory Review Subcommittee, as a member of the NC Pro Bono Resource Center Advisory Board, the Advisory Group for the Duke Law Tech Lab and as a Fellow in the College of Law Practice Management.
Camille is also the co-author of Designing a Succession Plan for your Law Practice: A Step-by-Step Guide for Preparing Your Firm for Maximum Value, published 2021, available on Amazon.
Direct Dial: 919.447.3354
Tom Lenfestey, Attorney and CPA, has been practicing