How to execute a smooth, graceful transition.
By August J. Aquila
What Makes a Great Partnership
One of the most difficult events that a firm faces is the transition of power from one managing partner to another, especially when it’s the first time. Knowing when to pass the baton and how to pass it are critical decisions every firm will have to make.
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The most important thing you can do at this point is to plan, plan and plan some more for the transition. The sooner you lay out your plan, the easier it will be for you to achieve it.
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