Won’t you stay? Keeping retiring partners in the fold

Description

Abstract: When senior partners retire, it’s important to capture their knowledge and extend the relationships they’ve formed with clients. But this demands a formal retirement process to capitalize on their assets and ease their retirement transition. Much depends on the degree of involvement a retiring partner wishes to maintain. This article discusses a number of different roles they can play, along with compensation arrangements. A sidebar offers tips for grooming the next generation of leaders.