BMA announces transition plan for succession of founding partners
With 27 years of experience in the legal market, Barbosa, Müssnich e Aragão Advogados (BMA Advogados) has announced the transition plan for the succession of its founding partners.
The goal is to consolidate BMA’s institutionalization and make room for the next generation of partners, already recognized by clients and the market.
This movement will take place through a gradual, planned and structured process, whose priority will be to ensure BMA’s perpetuity, maintain the legacy built over the years by the founding partners, and enable the firm and its clients to continue to benefit from the experience accumulated by Paulo Cezar Aragão, Plínio Simões Barbosa and Francisco Antunes Maciel Müssnich (Chico), (in the image from left to right).
The first stage of the transition plan began to be designed three years ago, with the approval of new governance rules for the BMA. In this context, managing partners were created with specific areas of activity – marketing and new business, finance, and people – in order to make the firm’s management more dynamic.
Other relevant innovations were implemented in the Executive Committee, BMA’s main governance body, which now operates as a Strategic Committee. As part of the succession process, the end of the permanent seats of the founding partners was approved, so that all members of the Strategic Committee are now elected by the firm, with voting taking place annually, following a concept of staggered terms of office, in which the change of members does not occur coincidentally.
To complete the succession plan, the rules for the reduction of the founders’ ownership interest over the next few years were approved, until the complete sale of their shares, which will occur progressively until the end of 2027. In addition, after the sale, Paulo, Chico and Plinio will continue to collaborate with the BMA in a new performance model that will be detailed throughout the transition process.
As part of their duties, the founding partners will continue to work on complex cases and to disseminate their accumulated experience and knowledge.
