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The next career stage for managing partners

By Manju Manglani, Editor, Managing Partner 

24 April 2014

What will you do after your term as managing partner comes to an end? Hopefully it will occur because you do not wish to reapply or your firm limits the number of terms that anyone can hold the post, rather then because your partners want you to vacate it. An even worse eventuality, of course, is your position becoming redundant following a buyout by a larger firm.

In whichever scenario you may find yourself, your options will be fairly similar: return to full-time client work at either your firm or a competitor firm; take on a leadership role at either your firm or another firm; get a position at a different type of organisation; become a consultant in law firm management; or start planning for your retirement. Granted, the number of doors that will be opened to you will be affected by how successful you are in your current role and how well your exit is managed.

Retirement can seem a rather unattractive option after a high-flying career as a lawyer/manag...

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