Why Your Law Firm Needs a Lawyer
Law firms are full of lawyers, so why would a firm full of lawyers need its own counsel? Lots of reasons, it turns out.
Succession Planning for (Dearly) Departed Partners
Succession planning for your law practice is more than just prudent preparation. It is imperative to protect client interests, is good business, and protects the value of one of your most significant assets.
Looking at Your Firm’s Balance Sheet: Law Firm Clients, and Lawyers, are Not Property
Law firms are not entitled to future profits from the firm’s clients as an ongoing property right, but this does not mean that the law firm can't do anything to protect themselves in the event of a departure.
Is Your Law Firm Prepared for the Next Partner or Group Departure?
While it is a good practice for any law firm to periodically assess its exposure to potential partner departures, the pandemic’s impact on law firms has made this task more important than ever.
Managing Law Firm Dissolutions in Uncertain Times
As the legal industry continues to adjust to life during a pandemic, some law firm transitions and transformations inevitably will lead to law firm closures and dissolutions. But is dissolution always the best option? And will its partners and clients be protected?