For sole proprietors or small literary agencies, a founder’s passing or ill health creates a host of uncertainties with respect to a company’s future. Do they sell the business, hire new staff, or maintain the agency’s backlist interests on a passive basis? A handful of agencies have reckoned with these choices over the past six months in a variety of ways. As reported in May, three active members of Russell & Volkening left to start a new company, Salky Hannigan Getzler Agency, taking their clients with them. Part of the reason, multiple sources told us, was that the trio attempted […]
