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The Boutique Lawyer Show: Enacting a succession plan
No one starts a law firm thinking about how they’re going to exit it. However, it is imperative (particularly in an age of turbulence) to not only ensure continuity in your business once you leave it but also do so in a way that makes both personal and professional sense to you and your successor.
Robyn Tongol
On this episode of The Boutique Lawyer Show, host Jerome Doraisamy is joined by Justitia founding partner Sarah Rey and new managing partner Melissa Scadden to talk about the inception and early years of the Melbourne-based boutique, how and why Ms Rey determined she needed to step away from the position of firm head, Ms Scadden’s career and when and why assuming a leadership role made sense to her.
Ms Rey and Ms Scadden also detail their pre-requisites for undertaking a succession process, and the elements involved, the personal factors that go into such considerations, the firm mission moving forward, how succession planning can be undertaken in a post-pandemic market, whether it is incumbent upon firm leaders to have succession plans in place, lessons learned (both personally and professionally) about having completed a succession, and the extent to which managing partners can and should be looking to make themselves redundant.
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