Dear Editor,
The article on succession planning at Indian law firms in the December 2012/January 2013 issue of India Business Law Journal was a pleasure to read.
The article deftly managed to provide multiple points of view regarding succession at law firms, from those of in-house counsel at companies to partners at law firms of various sizes.
It is interesting to note that while all agree that a succession plan is important – how important being a matter of opinion – there does not appear to be a standard industry practice that is followed by the majority of companies or law firms.
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This is indeed food for thought since these practices can be absolutely crucial to the long-term future of any company or law firm.
Most firms cannot remain viable without a contingency plan and a mutually agreed succession plan. Such plans not only drive the quality of services delivered and incentivize a firm’s practitioners to perform, they also underpin the confidence that
clients bestow in you.
Anuradha Salhotra
Managing Partner
Lall Lahiri & Salhotra
Gurgaon
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