Post # 782 – Sunday, October 29, 2017

Publically Contested Horse-Races Don't Usually End Well!

When a firm leader's departure is predictable, firms need to take appropriate steps to ensure a controlled and effective succession process minimizing the inevitable 'disruption' likely to occur.

Having a contested election isn’t necessarily a negative, it only becomes problematic when it becomes public and political.  By way of example, I was struck only last week by the terms used in the legal press as yet another law firm was characterized as 'set for a contested election'; 'candidates emerge for contest'; and 'hats in the ring'.  In this case, the chair’s role at the Eversheds Sutherland firm was now in the news as 'Partners are set to go head-to-head' to succeed Paul Smith the firm’s current chairman. And the media are loving it!  'According to (anonymous) partners within the firm' three specific names have already been announced.  

And here is where it all begins to go off the rails!

Read the entire article here.

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