Original Seminar Course Length: 1.0 Hrs. General
What would happen to your practice or firm in the event of your death or incapacitation? Do you have a succession plan in place? Are you prepared? Some lawyers die at their desks, leaving the cleanup to their partners, other lawyers, or family members. Other lawyers wind down their practices and close the doors. But, there is another alternative that may be the best choice—that is to develop a succession plan under which you can retire gracefully on your own terms, while transitioning the law practice to a successor. In this seminar, you will learn about the challenges attorneys face in closing or transitioning their practices, how to properly plan for the inevitable, valuation of your practice, and post practice insurance concerns.
CBA members must log in to the CBA website to access the self-study complimentary on-demand resources. These products are audio/video recordings and course materials from live CLE seminars that are three or more years old.
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Complimentary On-demand Product Disclaimer:
Information contained in this audio/video
complimentary on-demand product may be outdated and may not meet the criteria
for CLE credit. Accordingly, the CBA is not automatically certifying any
Connecticut or New York CLE credits for this complimentary on-demand product.
CBA members who view/listen to this complimentary on-demand product may claim
Connecticut CLE credit on their own as self-study if they determine that the
information provided by the on-demand product is timely and relevant and
otherwise meets the criteria in
CT MCLE rule 2-27A.
- About the challenges attorneys face in closing or transitioning their practices
- How to properly plan for the inevitable
- About valuation of your practice
- About post practice insurance concerns
- Intersection of succession and winding down with ethical rules
- About ethical and legal concerns related to transferring or closing an office, including document retention and license suspension issues
- How to insure yourself from malpractice claims from former clients
Any attorney interested in learning about how to wind down a practice.
Financial hardship information is available upon request.
Disclaimer: The information provided in this presentation is for informational purposes only and is not intended to constitute legal advice, nor is this information intended to create an attorney-client relationship.