If you are a solo practitioner or a small firm lawyer, a serious discussion about succession planning should be in your future. Be aware that there are only four ways that you can leave your firm, and only two of those paths are profitable.
(Read more about the external sale or the internal sale.)
The first step to understanding the selling process and planning for a profitable exit strategy is to familiarize yourself with the Florida Bar Rules that will govern the sale of your law firm.
Below you’ll find a succinct distillation of the various Florida Bar Rules as they relate to the four potential ways that you can leave your law firm. You’ll also see under the rules a number of issues that might crop up as you pursue certain exit strategies.
Smart Planning for Your Most Valuable Asset
You’ve worked hard to build your firm—now cash in on the investment! Our guide will explain the sale process and show you how to estimate the value of your firm, how to prepare your firm for sale, and much more.
Set yourself apart from other attorneys. Download our guide and say very loudly, “I want to…
Working with Alexander Business Law, PLLC
As a successful attorney you should be excited about the potential of selling your firm and increasing your retirement fund. With the right help and the right advisors, you can effect a profitable and successful sale of your law practice with about the same mental and emotional hassle as just closing the doors—it just takes some extra planning!
Regardless of whether you want to sell by the end of the year or in 5 years, the first step on your path to selling your law firm and capitalizing on the investment you’ve made is a Sale Readiness Assessment.
We will help you identify your firm’s strengths and weaknesses and develop a transition strategy that fits your circumstances. Call us today at (407) 649-7777 or email a team member to schedule a Sale Readiness Assessment.
