Succession Bridge
for lawyers
Pathway to Your Future
A Clearer, Smarter, and Surer Path to (and from) Equity
Two generations.
One shared opportunity.
New Zealand’s legal profession is approaching a succession cliff. A generation of lawyers — many in small and provincial firms — want to downshift or retire outright but cannot see a viable exit, while the lawyers who should succeed them are declining the opportunity to invest in a legal practice because they neither see the need, nor have sufficient incentive to do so. These are two sides of the same opportunity.
A shared set of goals.
All generations in our industry actually share goals in common. At a minimum, they want to:
Earn a good living
Do meaningful work
Have the appropriate amount of leisure time
Ensure they have a quality standard of living and continue to build their nest eggs through to eventual retirement with dignity and financial security.
Finding the pathway to this, with the same people in the same practice is where the magic happens. That’s where Legal Affairs Management can show both sides how to make the magic real.
The Succession Bridge
Two pathways. One future.
We have direct experience in developing and, most importantly, delivering a planned process bringing both sides together, and can help you do the same. Our Succession Bridge offering is specifically tailored and priced to appeal to small to medium sized law practices in New Zealand and offers a practical equity transition programme that supports growth, continuity, and fair financial outcomes both for the incoming and downshifting lawyer.
Equity Lawyers
For firms and equity lawyers, we deliver a Succession Readiness Assessment and Strategy that helps lawyers achieve their downshifting or retirement plan.
Rising Lawyers
For rising lawyers, we run the Equity Participation Pathway Programme to determine lawyer interest and readiness for entry into equity.
From “it is what it is” to “it is what you make it.”
Our approach is to help a generation of lawyers enjoy a successful tiered exit (or sharp knife exit, if required) and gear up the next generation to introduce them to the attractive opportunity of business ownership that a well-run, profitable law firm offers them, all while providing the tools and techniques to help them see an enjoyable future in the practice.
A shared commitment to mutual benefit, for both the firm and the individual lawyers, is the thread that ties the offering together. Our goal is to help reframe “it is what it is” to “it is what you make it.”
As we like to say, you may be literally “standing in your own acre of diamonds” without realising it. Our mission is to help both sides identify and mine those diamonds.
Let’s start the conversation.
If you’re considering succession, or exploring the opportunity of equity, we’d be happy to discuss how the Succession Bridge programme could work for you and your practice.
