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Here's why one CT law firm requires partners to start handing off clients at 60
"But if it's done correctly, it's as important for the client as it is for the firm, and it's as much the right thing for the client as it is for the firm," Day Pitney Managing Partner Michael Byrne told the Hartford Business Journal about the firm's succession planning policy.
Day Pitney has embedded succession planning into its partnership structure. Byrne said the policy is designed to protect client relationships, create opportunities for younger lawyers, and ensure a smooth transition of leadership and client responsibilities as senior partners retire.
The article notes that succession planning is becoming increasingly important across the legal industry as many longtime partners approach retirement. Byrne said Day Pitney's approach helps retain younger attorneys while providing clients with continuity and a seamless transition of trusted legal counsel.
