It’s Never Too Late to Plan Your Succession… Until It Is…

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.

In this 10 minute Video, Learn How to Avoid the 3 Biggest Mistakes that Retiring Lawyers Make

Don’t Plan to Fail. Don’t Lose What You’ve Built. Get Strategic Law Firm Appraisal and Succession Services Today.

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.

  • Your loved ones: Your grieving spouse or executor of your will—who likely have no legal training—will need to clean up what you leave behind while working through grief. They’ll be forced to move forward blindly or to spend excessively to get the help of trained advisors.
  • Your heirs: Once the dust settles, there’ll likely be nothing for your heirs to recoup. How willing are you to leave your heirs empty-handed?
  • Your firm’s lawyers and staff: You’ve taken care of your staff up till now. With your loss, your staff will scatter in an attempt to move forward during a time of upheaval.
  • Your clients: Are you truly comfortable with your clients seeking out counsel without your input and potentially landing with someone you don’t trust?

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.

Ensure a Strategic Exit

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.

Learn How Much Your Law Practice Is Worth

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.

  • If you have lawyers already working for you, are they capable of continuing your legacy or will they run it into the ground?
  • If you’re a solo attorney, where do you turn to find the best buyers? And once you’ve found a buyer, do you know how to structure the deal?

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.

  • Preserve confidentiality
  • Receive expert advice
  • Evaluate the most important abilities of potential successor candidates
  • Secure the most favorable terms that work best for you
  • Avoid delays by keeping the transition on course
  • Keep your attention focused on practicing law
  • Stop worrying about who will represent your clients after retiring
  • Exit the profession with confidence

Think You Can Go This Alone? Practice What You Preach!

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.

Don’t Delay any Longer. Contact Roy for Help With Your Succession Plan.

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.

Schedule a Consultation

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Roy quickly grasped the nature of my practice and provided an easy to understand appraisal of its value and suggested next steps. I was extremely pleased with his services. He did a great job!