Beyond Law Group Icon

Corporate Succession Lawyers

Understanding What’s Required for Corporate Succession

Succession planning is likely to be a key strategic aim of most SMEs, whether it’s strengthening a management team to future-proof the business or preparing to sell your business while maintaining business continuity.

The need might arise from a change in personal circumstances or an ageing leadership team. Some organisations do succession plans well – some don’t. For example, some questions include:

  • Are your management team strong enough?
  • Are you ready for change and is someone asking you the right questions?
  • How will you retain and incentivise the future leadership team, and what impact will that have on your hopes of exiting the business and capitalising on your success?
  • Are key positions and leadership roles in the business filled and stable?
  • Have you considered what you are going to do?
  • What’s the emotional outcome for you and your business partners?
  • And have you got the right team in your current employees to work with on that journey?
  • As an owner or family business is the current leadership and ownership team self-aware enough to know how they can impact positively on change?

The Areas of Corporate Succession Law We Can Help With

We are an experienced corporate law team that works with (amongst others) entrepreneurs established businesses and management teams on their succession planning process.

However, we aren’t just transactional – over many years our team has worked with companies, shareholders, owner-managers, leadership, and management teams on what an effective succession planning strategy should look like and how to achieve it.

Retaining and incentivising future leaders, potential candidates, key roles, senior managers, future senior leadership teams and other critical roles is a key strategy for many businesses and business owners as their businesses evolve and grow.

Yet it can also be difficult emotionally and unnecessarily complex commercially for owners, shareholders, and management teams, each with their own perspective.

Shareholders can consider themselves forced to do something that they logically understand but which can feel emotionally uncomfortable, or see as detrimental to company culture.

Family businesses may see the succession of non-family members as problematic, and be apprehensive of an external hire, but may not have a next generation who want to step in.

How Our Lawyers Can Help You

Management and leadership teams often find conversations with dominant shareholders uncomfortable but may have a strong business case for development and evolution which will create greater value.

Our corporate team has worked with management teams and owner managers for many years as not only business advisors but also as facilitators between management teams and the shareholders to who they report.

We work with teams on:

  • Exit strategies and tax planning
  • Identifying succession candidates from internal talent and external hires
  • Implementing incentive schemes that are fit for purpose and commercially designed to meet the realistic objectives of shareholders protect and preserve value
  • Provide the right benefits for senior leadership development and management teams

No matter what you need, our team can help. Reach out to us today.

Get in Touch with Our Corporate Succession Lawyers Today

Whether you are a large corporation, owner-manager or just starting your business journey, our lawyers are here to help. Our experts have years of experience in corporate succession so no matter your issue, you can rest assured that our team will be with you every step of the way. 

To speak with one of our lawyers, call us on 0333 202 6433 or email us at hello@beyondcorporate.co.uk.

Latest Blogs

Beyond Law Group Logo

Get in touch

Get in touch below:

0330 311 2553

Book an appointment


I'm looking for advice


Media enquiry


Something else