Within a year, the U.S. Census Bureau projects that eight adults per minute will turn 65. Over 60% of equity partners are in their late 50s or 60s (or early 70szzz) and often control a quarter or even a half of their firms’ revenue. Most law firms are led by managing partners who also are at the more senior-end of the age spectrum. Has your firm implemented an effective succession program that ensures stability and leadership as your partners retire and ensures the firm’s legacy? 

Objectives: 

• Define the issues and threats posed by aging partners and rainmakers. 

• Identify the needs and competencies of future leaders and rainmakers. 

• Assess your current talent and skills gaps.  

• Develop a framework for addressing and overcoming challenges related to identifying, recruiting, training, retaining and advancing high potential successors in both small and large law firms. 

Other Information: 

60 Minutes 

Audience: Intermediate  

CLM® Application Credit for Functional Specialists: 1 hour in the subject area of Human Resources Management (HR) towards the additional hours required of some Functional Specialists to fulfill the CLM application. 

CLM® Recertification Credit: 1 hour in the subject area of Human Resources Management (HR) 

HRCI: General Credit  

SHRM: Personnel HR 

SHRM: Instructor-Led Activity 

CLE: Participatory Credit 

The use of this official seal confirms that this Activity has met HR Certification Institute’s® (HRCI®)  criteria for recertification credit pre-approval.

This Program has been approved for 1.00  HR (General) recertification credit hours toward aPHR™, aPHRi™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™recertification through HR Certification Institute® (HRCI®).

Speaker: 

Susan Saltonstall Duncan is the President of RainMaking Oasis, a management and business development consulting firm that helps lawyers and law firms develop effective strategy, succession, practice and industry group, client service, and business development initiatives. She has been working with law firms since 1980, providing consulting services for more than 30 of those years. In 2011 and 2012, Duncan served as Chief Strategy and Development Officer of Squire Sanders, a global law firm with 1,200 lawyers worldwide.