#38: Why Law Firms Fail at Partner Transition Planning with Douglas Wood

Listen here: Why Law Firms Fail at Partner Transition Planning with Douglas Wood

Why don’t law firms do a better job of succession planning with attorneys nearing retirement or other transitions in their careers? Doug Wood shares his experience as a successful partner at Reed Smith, one of the world’s leading global law firms, when he decided it was time for him to retire from the firm but wanted to ensure a good handoff of his practice to other attorneys. He describes his commitment to helping more junior attorneys, which also motivated him to prioritize delegation and mentorship - for the benefit of himself, his colleagues, and the law firm.