The following is an excerpt from a column written by Gene Commander, discussing the importance of a succession planning strategy within the overall framework of a successful law firm business growth strategy. The column was published by The Colorado Lawyer, the full article can be read here.

Effective succession planning strategies help ensure the long-term prosperity of law firms by providing ownership and leadership continuity and stability throughout all aspects of the business enterprise and its workplace culture. Yet in stark contrast to corporate America, where succession planning has been a cornerstone of sound business management strategies for decades, law firms typically have not adopted succession and continuity planning initiatives.