Generational change is an ever-present issue for most law firms: not just how to manage a new generation of lawyers, but how to deal with succession. You cannot do better than read Luke Johnson in his Entrepreneur column in the FT, Learn to tame the beast, ambition, and in particular his conclusion,
. . . we must each know our limit, and resist the urge to overreach. Ambition is a ravening beast that must be kept in check, because even if we do not all formally retire, one day every one of us has to surrender. Better to go with dignity and grace than have the booty snatched from our enfeebled grip because we clung on too long.
I may not hang this in poker work above my desk, but perhaps I should.