There are numerous benefits for selling your law practice when it’s time for retirement:
Before you can sell, however, you must first determine how much your law practice is worth.
Attorney coach and consultant Roy Ginsburg will provide you with a comprehensive written appraisal of your law firm that contains no CPA-type mumbo jumbo.
Once Roy understands your practice and its value, he will then learn about your personal transition objectives, your vision of a “perfect” exit and your flexibility in attaining your goals. He’ll then deliver a report with recommendations to realize your firm’s maximum value consistent with your goals.
Under most circumstances, Roy will advise one of the following:
Succession planning can bring up uncomfortable thoughts. The truth is you can’t avoid the end of your time practicing law.
Make sure your family, clients, and colleagues avoid the inevitable confusion and turmoil caused by the failure to plan properly. Don't put it off any longer. The time is now to create a proactive strategy to find your successor. And, to do it well, do it with a professional.
Roy Ginsburg is an accomplished and experienced lawyer coach and consultant who has been helping solo practitioners and small firm owners devise exit strategies for more than a dozen years. Additionally, he’s been a practicing lawyer for more than three decades. In short, he has the insight you need to make smart choices as you exit the legal profession.