Summary
- A 63-year-old sole owner of a 20-lawyer litigation firm in Chicago is exploring transition and exit strategies for his practice.
- The firm includes five seasoned non-equity partners and fourteen associates, indicating a robust team structure.
- While retirement isn't imminent, the owner is seeking guidance on managing client relationships and leadership roles during this transition.
- This situation highlights the growing need for strategic planning in law firms as owners consider their future.
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