Transition of power in law firms: smooth succession

This is an interesting article about the transition of power and responsibility as law firms move from one managing partner to the next. It looks at the process undertaken by a number of Texas firms in the past year. The transitions too as little as few hours at McGinnis, Lochridge & Kilgore and as long as three years at BoyarMiller. The transition at Thompson & Knight was relatively quick, when Jeffrey Zlotky became the firm's managing partner because longtime managing partner Pete Riley had to step down due to illness. At Winstead, a contested election saw Kevin Sullivan won the role of chairman and chief executive officer. The incumbent Chairman and CEO was moved to the role of chairman emeritus, and has returned full-time to his sports and public-venue practice.

Transition of power in law firms: smooth succession law.com Fri, Feb 18, 2011