Question
I am the sole owner of an estate planning firm in the San Francisco Bay Area. We have one branch office and are contemplating acquiring another practice that would give us a third office. We have a total of
Law Practice Management Asked and Answered Blog
Blog Authors
Latest from Law Practice Management Asked and Answered Blog
Law Firm Succession and Exit Strategy – Referring Out Work too Soon
Question:
I am an estate planning attorney in Chicago. I am currently 72 and have been in practice and owned my own firm for 45 years. In the past I had an associate attorney in the firm and a couple…
Law Firm Succession – Using Affiliation or Of Counsel Relationships as a As a Pre-Merger Pilot Test
Question:
I am sole owner of a law firm in San Rafael, California with an estate planning practice. I have two part-time attorneys, four paralegals and three legal assistants. I am in my late 70s and want to retire in…
Law Firm Structure and Governance
Question:
We are a group of six partners that are in the process of leaving a well established firm in Los Angeles, California and will be starting our own firm. In our early planning we have been discussing how we…
Law Practice Succession Planning for a Sole Owner – A Question of Value
Question:
I am a sole owner of a three attorney firm in Chicago suburbs. I am sixty-five and have two associates in the firm. We do estate planning, elder law, and estate administration exclusively. While I want to continue working…
Law Firm Succession – Transition of Senior Partners Leadership and Management Roles
Question:
I am one of three founding partners in a 17 lawyer insurance defense firm in Houston. We have a total of 18 lawyers in the firm – 3 founding equity partners, 4 other equity partners, 5 non-equity partners, and…
Law Firm Practice Group Management – Practice Group Leader Roles and Responsibilities
Question:
Our firm is a 17 attorney insurance defense firm in Cincinnati, Ohio. We are in first generation and we have 9 equity partners, 3 non-equity partners, and 5 associates. We are managed by a three member executive committee and…
Law Firm Equity Partnership – Buy-Ins and Buyouts
Question:
I am the sole owner of a personal injury practice in Orlando, Florida. I am in my mid-sixties and am looking to transition out of the firm and retire in the next five to seven years. I have three…
Equity Partners – Valuation of Shares and Affordability
Question:
I am one of three founding partners in a 12 lawyer general litigation firm in San Francisco. All three of us are in are sixties and are looking to begin admitting others as equity partners. We have three non-equity…
Law Firm Compensation – Compensating New Equity Partners
Question:
Our firm is a seventeen lawyer insurance defense firm in Austin, Texas. The firm was founded by the two existing partners twenty-five years ago. In addition to the three founding equity partners we have five non-equity partners and ten…