Robert Romanoff Featured in Law.com’s Mid-Market Report: Why Firm Leaders Plotting the Future Should Think Several Generations Ahead
January 31, 2020
In part 2 of this 2-part series in Law.com’s Mid-Market Report, Robert Romanoff, partner in the firm’s Trusts & Estates practice group, is interviewed regarding Levenfeld Pearlstein’s robust approach to succession planning. In an era where many firms do not think ahead more than a decade down the road, succession planning — as well as creating guidelines for those who do serve as firm leaders — is essential to preserving a firm’s legacy.
“In the absence of term limits and in the absence of an age-based restriction, there’s nothing forcing you to deal with this issue, and you’re not giving younger attorneys a reason to want to step up,” Romanoff said when asked about creating succession guidelines.
Read more about how firms can think holistically when it comes to investing in the next generation of firm leaders on Law.com here.