Law Firm Succession Planning

Law Firm Succession Planning

Law firm succession planning can help you move into retirement gracefully, while ensuring clients are taken care of when you are no longer their attorney.

Proper law firm succession planning ensures that clients and colleagues will be taken care and know what to do in the event that an attorney is no longer able to practice, whether through retirement, disability, or death. This doesn’t have to be a grim affair. A good succession plan can help you have more flexibility with your time as you near retirement, allowing you to leave your practice on your own terms. It can also┬ádetail what your colleagues need to know about clients, files, and where to find them, or even detail how to sell your practice. Succession planning isn’t a one-size-fits-all sort of thing. It’s creating the right plan for your needs and purposes.