When you spend a lifetime investing your time, energy and resources in an enterprise, it only makes sense to recoup as much of that investment as you can. This principle especially applies when your life's work has been building a law practice.
Attorney coach Roy Ginsburg has over four decades in the practice of law, as well as years of experience helping other attorneys develop and manage their law practices. As a natural outgrowth of this experience, Roy now presents "Exit Strategies for Lawyers," an e-book designed to help attorneys extract value from their practices when it's time to transition to retirement. The book has helpful guidance for all lawyers, and especially for those in small or solo practices. It includes invaluable information on preparing for retirement, determining what your practice is worth, and how to convert that value into income for a retirement that is as successful as your career has been.
- Retiring at the right time and in the right way
- Appraising a law practice
- The difference between professional goodwill and practice goodwill
- Associate buyouts
- Third party sales (selling and going "of counsel")
- What makes a good buyer
- Structuring deals
- Ethics issues
- Succession planning strategies for medium and large law firms