Succession Plan

Law Firm Buying & Selling 2022 Trends Report

The market for buying and selling law firms continues to grow. The demand for information, data, and knowledge in this area is significant.  Fortunately, Tom Lenfestey with the Law Practice…

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5 Tips for a Successful Succession Plan

The statistics are disheartening. The ABA estimates that 400,000 lawyers in the United States are age 62 or older and that 63% of law firm partners 60 or older control…

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Legal Deserts: A Threat to Justice in Rural NC and How Succession Planning May Help

By Camille Stell There are 1.3 million lawyers in the United States, and 30,000 of them live in North Carolina.  Nationwide, there are approximately four lawyers for every 1,000 residents,…

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Buying a Law Firm

Congratulations, You’re Approved: How to Finance the Purchase of a Law Firm

By Camille Stell Does your 2022 Strategic Plan include expanding your law firm? If so, have you thought about buying a law firm as a way of expanding your revenues,…

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What is the Value of My Law Practice?

Every law practice has value, including yours. That value is real – as in dollars and cents real – and marketable. And it may be significantly higher than you think.…

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6 Considerations in Buying a Law Firm

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? You’re…

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5 Tips for a Successful Succession Plan

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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