117: The New Succession Planning Part 02 | Sushi on an Airplane: Spotting the Red Flags in Law Firm Succession Planning
Manage episode 502887873 series 3560575
In this insightful second episode of The New Succession Planning Series on the Lead Counsel Podcast, host Tom Tona dives into the high-stakes world of law firm succession planning with renowned legal industry experts Ed Alexander, Daniel Feiman, and Jonathan Hawkins. Titled “Sushi on an Airplane” after a hilariously cautionary tale, the episode explores how seemingly small missteps—like serving sushi on a plane—mirror the blind spots that can derail a law firm’s future.
Together, Tom and his guests dissect the critical signs of a fractured firm, including the absence of a “missing middle” in leadership, failed recruiting efforts, and broken internal promises. They emphasize the importance of building a bench, developing leadership pipelines, and having candid succession conversations early and often.
Key Highlights:
What law firms get wrong about succession and how to fix it
Why a “missing middle” in firm leadership is a silent killer
The importance of scalable leadership and middle management
How poor communication derails succession efforts
Why succession planning must be prioritized over short-term fires
When to recruit your successor and whether they need to be a lawyer
How strategic hiring, such as bringing on a COO or fractional CEO, can transform firm scalability
Real-life horror stories of half-baked succession plans and how to avoid becoming one
This episode is essential listening for law firm owners and partners thinking about long-term growth, operational scalability, and protecting their legacy. If you’ve ever said “we’ll get to that later,” this is your wake-up call.
Featured Guests:Jonathan Hawkins Website: Law Firm GC LinkedIn: Jonathan Hawkins
Daniel Feiman Website: Build It Backwards LinkedIn: Daniel Feiman Books on Amazon: Daniel Feiman
Ed Alexander Website: Alexander Business Law LinkedIn: Ed Alexander Books on Amazon: Ed Alexander
Your Host:Tom Tona Founder & Managing Attorney, Tonalaw Website: https://www.tonalaw.com LinkedIn: Tom Tona X: @NYPITrialGuy
This podcast is sponsored by TonaLaw.
Attorneys, are you looking for a trusted partner for your New York personal injury referrals? Since 2001, TonaLaw has been the go-to New York personal injury law firm for attorneys and law firms across the United States.
At Tonalaw, we pay legal fee participation to referring attorneys in all jurisdictions where it's permitted. Refer us a case today and experience the TonaLaw difference.
Call us now to discuss how we can work together at 833-TONALAW or visit us at tonalaw.com. Mention Lead Counsel and you’ll speak directly with Tom.
121 episodes