Many firms find out too late they are not prepared for partners to leave or retire as they thought. Here are some helpful things to review to ensure your circumstance is different.

How many interactions will there be – and how many are necessary – to get the clients and their new assigned partner acclimated with one another?

Is there adequate time and opportunity to create a smooth transition?

How many billable and non-billable hours does the outgoing partner devote to the firm?

Does the firm, especially the new or replacement partners taking on these responsibilities, have the capacity to absorb the additional workload?

Does a retirement-minded partner have any specialties or licenses that a firm would lack once the partner leaves?

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