Episode 58-Managing Your Exit (Career Succession Planning-- with Bill Lahey, Esq.)

With aging baby boomer in their senior ranks, 100s of law firms  throughout the country are facing succession planning issues.  How can the firm make a successful transition and ensure the long-term viability of their practice?  How will the younger partners step into the role of managing client relationships so the clients are well served in the future? Underpinning all of this is a reality for many firms. Lawyers are living longer, practicing longer, and have very strong professional identities as lawyers.  What will these attorneys do when they are no longer chairing a department?  What are some of the creative strategies that lawyers have used to figure out What Comes Next. My guest, Bill Lahey, has thought a lot about that subject.  Bill began his career in the public sector, worked for one large firm, one small firm and over 4 years, cut his hours by 20% per year and is not entirely out of the practice of law.  Along the way, Bill has experimented with pro bono work, taken a sabbatical in Bhutan, and explored graduate degrees in two fields.  He is anything but a “typical lawyer” and I invited him on the show to share some tips for senior lawyers who aren’t sure how to make their own transitions. Additional Resources Episode 40-Succession Planning for Law Firms Meets Chapter 3 for Lawyers Episode 50-A Late Career Shift to Public Service Episode 19-Canoeing vs. Whitewater Rafting-A Career Conversation With Jose Sierra Designing Your Life: How to Build a Well-Lived, Joyful Life

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Counsel to Counsel is a periodic podcast produced by Stephen Seckler of Seckler Attorney Coaching (www.counseltocounsel.com). It addresses important career, marketing, and leadership issues facing attorneys. The target audience is associates, counsel and partners at law firms of all sizes; but the podcast also addresses issues that are relevant to in-house counsel, law students or any lawyer who is looking for career insights inside or outside of the law. Counsel to Counsel is aimed at individual lawyers who are looking to increase their own career satisfaction and build their marketing and leadership skills. The podcast features interviews with leading consultants, career professionals and marketing experts who advise attorneys on careers, marketing, law firm management and related issues. The guests are also a roster of successful attorneys who have found career satisfaction inside and outside the law. Counsel to Counsel is a direct outgrowth of the blog Counsel to Counsel which Stephen Seckler has been publishing since 2005. Since graduating from law school in the late 1980s, Stephen Seckler has been advising lawyers on career and marketing issues and working with a broad mix of law firms and corporate law departments. He began blogging when legal blogging was in its infancy and his blog Counsel to Counsel was named to the ABA Journal’s Blawg 100 in 2007 and 2008 (the first two years that list was in existence). Steve has written extensively on career and marketing issues and he has spoken at many law school, law firm and bar association events. He served on the Boston Bar Association’s Standing Committee on Work Life Balance and was Vice Chair of the Law Practice Management Section of the Massachusetts Bar Association. He is active in the Senior Lawyers Division of the American Bar Association, the ProVisors business network, and has been quoted frequently in the legal and business press.