Succession Planning for Law Firms

The market for buying and selling law firms continues to grow. Established firms and attorneys are looking for succession or sale due to attorney retirement, labor needs, and changing marketplace…

Teamwork is a lesson we learn as children either through organized sports or impromptu games in the schoolyard. Often, as we get older and move through college and law school,…

Pay down debt. As you approach retirement, you don’t want debt to stand in the way of your future. The snowball method of debt reduction allows you to see wins…

Paid Time Off (PTO) is an important benefit that companies and businesses offer for employees but how can you make this incentive work for your firm as well?  PTO as…

What is the “striver’s curse”?  Arthur Brooks, in his book “Strength to Strength”, defines it as a curse affecting those who strive to be excellent at what they do, but…

As Stratton Horres tells the story, he was approaching his 65th birthday and struggling with how to end his 41-year career in law, thirty of which were spent with his current…

Have you ever wished for a group of experts down the hall who were available anytime to answer any questions about building your law practice? With a virtual community, you…

What is a major health concern that experts cannot stop talking about, but individuals have trouble talking about? Mental health.  Though the stigma of mental health is diminishing it still…

In 2019, before the pandemic and the Great Resignation, I retired from Lawyers Mutual. I had been with the company for 20 years and loved my job. But I was…

The legal profession can be demanding on everyone from attorneys to paralegals and office staff. Why are people choosing to leave the legal profession?  In my legal career, I have…

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…

Often, when talking with lawyers about retirement, I’ve encouraged them to take a two-week “staycation.” Avoid the office and work for two weeks, but not while lounging on a Caribbean beach.…