David French reaches out to readers on the difficult topic of succession planning in the October 2016 issue of Arizona Attorney Magazine.

David French reaches out to readers on the difficult topic of succession planning in the October 2016 issue of Arizona Attorney Magazine.

If you know of a more moving and compelling way to write about business succession planning than the way David French did recently, please let me know. I don’t think a more moving recitation exists.

Before October leaves us, I urge you to read—if you haven’t already—David’s piece in the October Arizona Attorney Magazine. That is where he describes steps professionals should take to safeguard their firm, protect their clients, follow the Ethical Rules, and maybe even burnish their legacy. Happily, David takes a personal rather than a stiff approach to the topic.

David French

David French

(In a previous issue, I also covered a David French-moderated roundtable, here.)

Once you’ve read David’s story about his own dad, read about the national picture, in which a rising tide of many retirees is causing challenges for law firms.

Finally, it’s been out for a while now, but I’ve appreciated a documentary called “Period. New Paragraph.” In it, as the American Bar Association says, filmmaker “Sarah Kramer documents the experience of her father, Herbert Kramer, as he closes his law practice after 60 years.” Here is an excerpt.

You can buy the documentary here. Again from the ABA: “The film is accompanied by a discussion guide for bar associations or law firms that intend to use the film to explore the topic of lawyers’ transition into retirement.”

pass the torch succession planning for lawyers

“Effective January 1, 2016, Arizona lawyers must have a succession plan. Yes, that’s must.”

And so opens a helpful blog post written by Arizona ethics expert Patricia Sallen. Yes, you should read the rest, here. And then set up your own succession plan. And don’t forget to follow her blog for valuable tips and updates.

Meanwhile, bookmark and read another article by Pat on recent law-practice rule changes, which we published in the January issue of Arizona Attorney Magazine.

pass the torch lawyer succession planning wrestling pdO0XZE

Succession planning for lawyers requires careful thought, and it’s all in the hand-off.