The COVID-19 pandemic is the wake-up call elderly solo and small law firm owners have needed to finally put a succession plan in place. If you’re a practicing lawyer in your 60s or 70s and you don’t yet have a plan, acknowledge your mortality and rectify your situation now. Need help? Contact Roy Ginsburg.
Winston Churchill once said, “He who fails to plan is planning to fail.”
Without a formal succession plan in place, a failure to plan during one’s later years will inevitably bring anguish, distress, and despair to the people you’ve loved and cared about during your legal career.
These people deserve more from you. You deserve a better legacy. Stop planning to fail and get started on your law firm succession plan. The time is now to create a proactive strategy. Don't put it off any longer.
There are several options available for you to strategically exit the legal profession:
Increase your nest egg to use during retirement. Make sure your valued clients continue to be represented by counsel that is as first-rate as you have been. Roy can help you decide which option suits you best.
The first step to reaping the rewards of your law practice is to understand what your practice is worth. After that, you need to know who the optimal buyers are.
Unsure of how to best answer these questions? That’s where working with an expert attorney coach and consultant like Roy helps. He can answer all these questions and lead you down the right law firm succession path.
Stop your instinctive lawyer self-talk of, "Yeah, I know I need a succession plan, but this doesn't seem too complicated. I can figure it out myself." You already know the problems created when your own clients think that way. It’s time to practice what you preach, especially if you’ve pushed off planning and you’re well into your 60s or 70s.
Remember, you don’t know what you don’t know. As your clients rely on you for your practice expertise, you can rely on Roy's decades of legal experience and more than a dozen years of law firm succession planning consulting to help secure your peace of mind and the best exit strategy for your firm and clients.
Roy Ginsburg is an attorney coach, consultant and practicing attorney who understands the legal market and the pitfalls you’re facing if you fail to plan. He has the insight you need to make smart choices about your future.
Stop putting off the inevitable. Now is the time to plan for the future of your firm, loved ones, and clients. You only have one opportunity to exit the legal profession. Know that Roy Ginsburg will make your transition as beneficial and as trouble-free as possible. Exit the legal profession with the same confidence and optimism you had when you first entered it years ago. Invest in Roy’s proven, expert succession planning process by calling him at (612) 524-5837 or by emailing him. Roy works with lawyers nationwide.