The Lawyer's Guide to Succession Planning : : A Project Management Approach for Successful Law Firm Transitions and Exits.
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Place / Publishing House: | La Vergne : : American Bar Association,, 2016. ©2016. |
Year of Publication: | 2016 |
Language: | English |
Online Access: | |
Physical Description: | 1 online resource (221 pages) |
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001 | 5007293385 | ||
003 | MiAaPQ | ||
005 | 20240229073849.0 | ||
006 | m o d | | ||
007 | cr cnu|||||||| | ||
008 | 240229s2016 xx o ||||0 eng d | ||
020 | |a 9781634253512 |q (electronic bk.) | ||
020 | |z 9781634253505 | ||
035 | |a (MiAaPQ)5007293385 | ||
035 | |a (Au-PeEL)EBL7293385 | ||
035 | |a (OCoLC)1402026231 | ||
040 | |a MiAaPQ |b eng |e rda |e pn |c MiAaPQ |d MiAaPQ | ||
100 | 1 | |a Olmstead, John W. | |
245 | 1 | 4 | |a The Lawyer's Guide to Succession Planning : |b A Project Management Approach for Successful Law Firm Transitions and Exits. |
264 | 1 | |a La Vergne : |b American Bar Association, |c 2016. | |
264 | 4 | |c ©2016. | |
300 | |a 1 online resource (221 pages) | ||
336 | |a text |b txt |2 rdacontent | ||
337 | |a computer |b c |2 rdamedia | ||
338 | |a online resource |b cr |2 rdacarrier | ||
505 | 0 | |a Intro -- Title Page -- Copyright -- Contents -- Preface -- Acknowledgments -- Introduction -- Chapter 1: Reasons for Early Retirement and Succession Planning -- Demographics -- Unprecedented Number of Attorneys Approaching Retirement -- Implications and Consequences of Failure to Plan for Succession and Transition -- Succession/Transition/Exit Strategies -- Chapter 2: Coming to Terms with Aging -- The Stress of Retirement -- Achievement Addiction and Preserving Self-Esteem -- Identifying Other Interests -- Planning Your Retirement -- Two Short Stories-Two Lawyers Who Wanted to Work Forever -- Chapter 3: What Other Firms Are Doing -- Two Detailed Case Studies -- Other Case Illustrations -- Chapter 4: Where and When to Start -- Come to Terms with Aging and Eventual Retirement -- Review Your Personal Financial Situation -- Explore Post-Retirement Interests and Develop Plan for Pursuing These Interests -- Establishing General Goals and Timelines -- Chapter 5: Firm Size. Challenges, Issues, and Impact upon Succession and Transition/Exit -- Solo Practitioners -- Sole Owners -- Larger Law Firm -- Chapter 6: Strategies and Approaches -- Associate Candidates -- Associates and Lateral Equity Partner Candidates -- Merger Candidates -- Of Counsel Candidates -- Practice Sale Candidates -- Chapter 7: Finding Candidates and Opportunities -- Existing Equity/Non-Equity Partners and Associates -- Associates and Lateral Partner Candidates -- Merger Candidates -- Of Counsel Candidates -- Practice Sale Candidates-Potential Buyers -- A Short Story-A Law Firm That Sold a Practice Area -- Chapter 8: Valuation -- Getting the Valuation Process Started -- Determining Value -- Valuation Approaches/Methods -- Is There Goodwill? -- The Bottom Line -- Typical Approaches in Actual Practice -- Chapter 9: Buy-In/Buyout/Compensation -- Buy-In -- Buyouts -- Compensation. | |
505 | 8 | |a Chapter 10: Developing the Plans -- Succession/Transition/Exit Project Action Plan -- Internal Succession/Transition/Exit Plan -- Practice Continuation Arrangement/Plan -- Chapter 11: Implementation of the Strategies and Plans -- WHO -- WHAT -- WHERE -- WHY -- WHEN -- HOW -- Chapter 12: Key Documents and Agreements -- Part I-Initial Planning Phase Documents -- Part II-Implementation Documents/Agreements -- Chapter 13: Ethical Issues -- Summary of Key ABA Rules of Professional Conduct That Impact Succession/Transition/Exit Strategies -- States That Have Adopted or Modified the ABA Model Rules -- Chapter 14: Key Chapter Takeaways -- Chapter 15: Last Words-Starting Your Journey -- Appendix A: Sample Law Firm: Project Report: Succession/Transition/Exit Project Action Plan -- Appendix B: Sample Law Firm: Partner A Transition Plan -- Appendix C: Sample Law Firm: Equity Partnership Proposal Lawyer A -- Appendix D: Equity Owner-Shareholder Term Sheet: Memorandum of Agreement for the Admission as Equity Shareholder Lawyer A -- Appendix E: Merger Term Sheet: Memorandum of Agreement for the Merger of Lawyer a Doing Business as Sample Law Firm and Lawyer B -- Appendix F: Special Counsel: Agreement -- Appendix G: Exhibit A: Agreement Sale of Law Practice -- Appendix H: Partnership Agreement for Sample Law Firm -- Appendix I: Sample Law Firm, LLC: Operating Agreement -- Appendix J: Agreement to Acquire Initial Ownership Interests in Sample Law Firm and Full Ownership Interest Upon Lawyer A's Subsequent Retirement -- Appendix K: Cross-Purchase Buy-Sell Agreement with Trustee -- Appendix L: Retirement Readiness Assessment -- Bibliography and Other Resources -- Index -- About the Author. | |
588 | |a Description based on publisher supplied metadata and other sources. | ||
590 | |a Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries. | ||
655 | 4 | |a Electronic books. | |
776 | 0 | 8 | |i Print version: |a Olmstead, John W. |t The Lawyer's Guide to Succession Planning |d La Vergne : American Bar Association,c2016 |z 9781634253505 |
797 | 2 | |a ProQuest (Firm) | |
856 | 4 | 0 | |u https://ebookcentral.proquest.com/lib/oeawat/detail.action?docID=7293385 |z Click to View |