Reid Wilson was convinced that the future of his firm, Houston-based Wilson Cribbs and Goren, depended on having a younger lawyer at the helm. So he started grooming his protégé, Anthony Marré, to succeed him as managing shareholder even before Marré knew he was in line for the top job.

Wilson, who served as managing shareholder of the real estate boutique firm for about 20 years, said the firm’s management committee started thinking four years ago about the steps they would need to take to successfully pass the management reins to a younger group of lawyers. But change can be difficult, and the firm decided to take it slow.