Exit Strategies for the Retiring Solo or Small Firm Lawyer

Your successful career is almost over. Do you have a vision of what you want your retirement to look like? Do you have a succession plan in place to help you get there? You’ve invested a lot of time and effort to build your successful book of business. You may be able to now strategically sell your practice – a valuable asset in and of itself – to enhance your retirement portfolio. It is critical that you know what your practice is worth, who your optimal buyers are and how to find them, as well as how to structure a fair and balanced deal. You only have one opportunity to exit the legal profession. Do it in a manner that maximizes the proceeds you can obtain from your practice and ensures that your valued clients are left in good hands. Don't simply plan to retire. Plan your retirement.

Learn more about:

• How to avoid flunking retirement
• Which practice areas have value? Which don’t?
• How much is your practice worth?
• Identifying the best successors
• Structuring the deal the right way
• Ethical considerations of selling (Rule 1.17)
• Best practices to transition clients
• What to do with all of those closed client files?

– Roy S. Ginsburg; Attorney and Coach/Consultant