Law360 interviewed Labaton Sucharow's newly appointed Chairman Chris Keller and Lawrence Sucharow, who is assuming the role of Chairman Emeritus after leading the Firm for more than 20 years, about the Firm's "frictionless" leadership transition. 

Keller credited Sucharow for the seamless transition by "recognizing in a more tangible way some of the younger partners who were emerging as leaders in the firm." Asked about his highlights during his tenure, Sucharow described the pressures of adapting to the new reality brought upon by the passage of the PSLRA in 1995. "I'm happy to say we're one of the survivors and leaders in that area," said Sucharow.

It was this consistent need to reinvent itself though, that led Sucharow and the Firm to begin succession discussions in earnest three years ago. "Contingent litigation is very entrepreneurial. You need to invest your time and money in matters and prosecute the case in the hope of a return...For me, I was concerned that perhaps I was reaching that point where I would try to take a more comfortable road." 

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