Fall 2014 issue of Horizons

in that statement, planning is only the first step in thriving successions. The firm’s plan should be implemented, followed, and consistently monitored to identify necessary changes. Managing partners and key leaders should be actively involved and must ensure the plans are executed. Partners need to be held accountable for communicating their retirement goals, transitioning client work and relationships, training and mentoring younger staff and partners, and adhering to partner agreements. By encouraging dialogue, generating plans, and monitoring implementation, firms can allow for healthy transitions for all involved: retiring partners, successor partners, clients and the overall law firm itself.

easier the transition will be, not just for you, but for the successor attorneys and your clients as well. As a successful professional, you’ve likely had ample opportunity to save for the future. This should allow you to have a healthy financial position as you enter retirement. If you haven’t already, engage a financial advisor who can offer additional insight. Consider the advice of professionals not only with regard to saving and planning for retirement, but also in how and when to receive the savings you’ve worked hard to accumulate.

You may have heard the phrase, “Failing to plan is planning to fail.” While there is wisdom

RubinBrown’s Law Firms Services Group RubinBrown has a dedicated business unit to serve the unique needs of law firms staffed with professionals experienced in working with service-focused organizations.

Matt Finke, CPA — St. Louis Partner-In-Charge Law Firms Services Group 314.290.3365 matt.finke@rubinbrown.com

Ken Rubin, CPA — St. Louis Partner Law Firms Services Group 314.290.3417 ken.rubin@rubinbrown.com

Don Esstman, CPA — Denver Partner Law Firms Services Group 303.952.1284 don.esstman@rubinbrown.com

Matt Wester, CPA, CFE — Denver Partner Law Firms Services Group 303.952.1277 matt.wester@rubinbrown.com

Mary Ramm, CPA — Kansas City Partner Law Firms Services Group 913.499.4406 mary.ramm@rubinbrown.com

Lynnae Robinson, CPA — St. Louis Manager Law Firms Services Group 314.290.3381 lynnae.robinson@rubinbrown.com

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