By Camille Stell With an ever-growing number of Baby Boomers considering retirement, have you ever considered buying a law firm? Maybe you should. Why Should You Buy a Firm? Is…
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The statistics are disheartening. The ABA estimates that 400,000 lawyers in the United States are age 62 and older, and that 63% of law firm partners, age 60 or older, control at least a quarter of their law firm revenue. Yet only 28% of law firms have a succession plan in place.
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