How Succession Issues Are Driving Desperation Mergers

2016-ROUNDTABLE-OUTLOOK-FOR-ROSENBERG-MAP-COMMENTARY-VF-240x219Millennials, aging partners both skeptical.

They say “past results are no indication of future performance.” Maybe. Maybe not. But if anyone should know, it’s our panel of experts, their comments drawn from the new edition of The Rosenberg MAP Survey. These are their bullet points and comments, verbatim, looking back at the last 12 months and looking ahead to 2016. – Rick Telberg, CEO

By Terry Putney
Transition Advisors

Lessons from 2015:

The issue we are seeing that is most troublesome for firms is their lack of talent that can be developed into future leaders. Often partners want to place blame on the millennials and the different views they have regarding work-life balance.

MORE FROM THE ROSENBERG MAP SURVEY: Outlook 2016: Change Catches Up with Auditors | Strategic Plans Undermined by Out-of-Control Partners | Growth, Succession Plans Critical for Firms | Talent Wars Go from White Gloves to Boxing Gloves | Trend Outlook 2016: Change Agents Needed

However, it is clear many firms have failed to invest in leadership development. So they don’t have enough time to provide succession for retiring partners in their firms.