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Practice Development Counsel's *Next Generation, Next Destination* program was developed by Phyllis Weiss Haserot and Richard T. McDermott to achieve advance transitioning planning to benefit both senior partners and the professional growth of younger partners as well as their firms overall.



Many firms are grappling with the eventual transition of Baby Boomer senior partners out of the firm as the next generation prepares to take more responsibility. For several business reasons and given the sheer numbers of Boomers, this is a challenge most firms haven't dealt with in the past. It is fraught with potentially sensitive issues - and positive opportunities as well.

Skillfully handled, there is something in it for everyone: a smoother transition of clients and responsibilities to the younger partners while retaining the goodwill and useful talents of the senior people through information and counsel as they plan their next phase career/life.


Haserot_1 PHYLLIS WEISS HASEROT is a business development and organizational effectiveness expert, thought leader and author, with more than 20 years of groundbreaking experience advising professional firms. She is President & Founder of PRACTICE DEVELOPMENT COUNSEL, a consulting and coaching firm working with law, accounting and other professional service firms. Her primary focus currently is improving relations among the four generations in the workplace and transitioning planning.

Practice Development Counsel works with clients on improving inter-generational relations, professional development and business development coaching and training, retention and lateral integration, flexibility, and workplace conflict resolution.

Phyllis is a frequent speaker and the author of: the law marketing and management "bible" THE RAINMAKING MACHINE (Thomson/West); THE MARKETER'S HANDBOOK OF TIPS & CHECKLISTS; a book in progress (so far titled) "Cross-Generational Conversation," as well as countless articles and monthly columns in the professional and business media.

Among her affiliations and present and past board positions are: Co-Founder and Board of Directors of New York Metro Legal Marketing Association; American Bar Association Law Practice Management section; International Association of Coaches and New York City Midtown Coaching Center; President's Council of Cornell Women Steering Committee; Chair of The Leadership Connection; the Accountants' Forum. Phyllis received her B.A. and M.R.P. degrees and a Certificate in Dispute Resolution from Cornell University.

RICHARD T. McDERMOTT is a business case study on successful partnership retirement planning and transitioning and has held a number of law firm management positions. He served as Chair of international law firm Clifford Chance's Legal Personnel Committee responsible for training, development, advancement and evaluations of all associates and counsel in the Americas region, as well as a member of the Finance, Operations, and Legal Employment Committees.

Dick retired as a Mergers & Aquisitions partner of Clifford Chance in April 2004 and continues in his 25th year as an adjunct professor at Fordham University School of Law. He is the author of the case book entitled "Legal Aspects of Corporate Finance." He joined Practice Development Counsel's *Next Generation, Next Destination* division as a principal in January 2005. A graduate of Marquette University, Dick received his J.D. from Fordham University School of Law.


Fun is necessary. Some of Phyllis' favorite "distractions": theater, jazz, collecting and creating wearable art and crafts, baseball and attending sports with my family, wine, travel and spending time with "original" people, meeting and discovering what's special about people. I love being introduced to new work and creative challenges.