Experts urge law firms to improve management and succession plans
Legal experts have called on Nigerian law firms to strengthen their management structures and succession planning. At a recent roundtable, leaders in the legal sector highlighted the need for better financial systems and operational efficiency. Modupe Olusoga and Osaro Eghobamien emphasized that professional excellence alone is no longer enough for sustainable growth. The event also featured discussions on technology adoption and the business side of legal practice.
What we know
- Legal experts at the fifth Annual Managing Partner Roundtable advised law firms to build stronger governance, financial systems, and succession plans.
- Modupe Olusoga stressed the importance of distinguishing between growth and sustainable scaling, supported by effective management.
- Osaro Eghobamien urged firm leaders to assess if their people and systems can support expansion and called for deliberate investment in institutional capacity.
- Panelists discussed challenges such as multi-office expansion, partner succession, financial management, and technology adoption, emphasizing the need for robust systems before aggressive growth.
- Oyinkan Idowu highlighted the importance of understanding the business side of law and announced new professional development frameworks to run through 2027.
