Designing a Succession Plan for Your Law Practice

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Designing a Succession Plan for Your Law Practice

Law Practice Management & Technology Section

Credit(s):

1 Participatory MCLE Credits

Course Number:

LPMT_05-19-21

Original Program Date:

May 19, 2021

Duration:

1 hour 1 minute

Access:

Available for 3 months after Registration

Passport:

This product is Passport Eligible

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Category: Law Practice Mgmt & Technology

Category: Law Practice Mgmt & Technology (show less)

The statistics are alarming:

400,000 lawyers in the United States are 62 and older
30 – 40% of actively practicing lawyers are at the age and stage where they are beginning to retire or to contemplate retirement
63% of law firm partners, aged 60 or older, control at least ¼ of their firm revenue
Most law firms do not have succession plans in place.

Is your firm prepared for your most active rainmaker to retire? Is recruiting and retention of top talent a challenge because you have not addressed succession? This program will guide you through the challenges to succession planning, a deep dive into succession planning, along with best practices for your firm to develop a successful model to transition lawyers and clients through the process.

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