Perspective on Managing a Law Firm Leadership Succession: Part II
In the second of a two-part Bloomberg column, Don Mrozek, Fmr. Chair of Hinshaw, continues his review of law firm leadership succession best practices. In Part Two, he explains the importance of adopting a written succession protocol, and also provides a sample leadership succession template.
Mrozek notes that adopting a written protocol institutionalizes the process, while also allowing for transparency. The current firm leader should draft the protocol, he argues, with assistance from those inside and/or outside the firm with experience in executive selection methodologies. He also advises quick action, because where a protocol is only enacted at a time when a leadership change is imminent, partners are often skeptical about the fairness of the process.