Succession planning and partnership modernisation are becoming increasingly important priorities for professional services firms. However, strategies designed to reshape partnership structures can give rise to significant legal and reputational risks, particularly where they affect more senior partners.
In this article published in the latest online edition of The Accountant Ivor Adair examines the age discrimination issues that can arise when firms seek to balance succession planning objectives with the rights of partners. The article explores the challenges of objectively justifying retirement and succession strategies, and highlights the importance of evidence, process and careful planning when implementing change.
Read the article on page 13 here. Subscription may be required.