Succession Planning for your law firm
If you’re self-employed, your legal practice represents your life’s work. When you’re ready to retire, what will it be worth? Will you be able to sell it for a good price, or will you simply hand it on to someone or even just close the doors?
It’s important to plan for sale well ahead of time, and build the value of your asset while you can.
Topics for discussion:
Options for selling your practice
What are you really selling, when you offer a legal practice for sale?
Issues associated with goodwill
Ways to increase your chances of selling your practice and to improve its value