Of 562 firms around the country who responded to a 2015 legal sector survey from Cushman & Wakefield, a real estate consulting firm, only 15 percent said they had a formal succession plan. An additional 27 percent said they had an informal one. The greatest number of respondents — 32 percent — said they had no plan. What difference does having a plan make? In severe cases, no plan can lead to the disintegration of a firm.
In the last few years, there has been such a frenzy of hospitals thinking they’ve got to merge and get bigger that Keith R. Anderson of Drinker Biddle & Reath compared it to a school dance for teenagers. “Health systems don’t want to be the last person on the dance floor without a partner,” he said. But rushing into a relationship — or, rather, a strategic affiliation — just because all your peers are doing it isn’t always a smart move.
Jennifer Riley-Collins, the new vice president of advocacy for the Chicago-based Sargent Shriver National Center on Poverty Law and former executive director of the American Civil Liberties Union of Mississippi, explains her ‘selfish’ motives for social good and how she intends to position the center to make a stronger impact for the next generation.
Michael Best & Friedrich LLP previously occupied two floors of Two Prudential Plaza, overlooking Millennium and Maggie Daley Parks. It was locked into that space and had no room to grow, so it traded one pristine view for another by moving to the 32nd floor of the newly opened River Point tower at 444 W. Lake St.
Cory Lewis, an associate in Baker McKenzie’s Corporate & Securities Practice Group, is also a volunteer lawyer for Chicago Lawyers’ Committee for Civil Rights Under Law, Inc., whose workload includes fighting to keep some of the most troubled kids in Chicago Public Schools on track to graduation.
Chicago Lawyer DirectoryA roundup of alternative dispute resolution services.
Chicago Lawyer DirectoryProfiles of some of the top women in the profession.
Chicago Lawyer DirectoryA roundup of the top legal technology companies in the Chicago area.
CLE Guide — Spring 2016Law Bulletin Publishing Company is proud to present the 2016 Spring Continuing Legal Education Guide.