Succession & exit planning

Succession & exit planning guidance:

This Practice Note explores the ways law firms can be valued and expands on the factors most likely to influence this valuation. While there are a number of traditional...

Practice Note

1 Business planning 1.1 We have a realistic business plan in place YesIn partNo The business plan is current and appropriate for the market challenges There are clear...

Precedents

A challenging task best avoided? Winston Churchill said ‘Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.’...

Practice Note

This Practice Note sets out the regulatory requirements to consider when putting in place a plan or procedure for closing your firm and practical help on compiling the...

Practice Note

What is leadership succession planning? The successful replacement of a leader is a key challenge for any business, large or small. If mishandled it can significantly...

Practice Note

"The reasons for our merger weren’t always clear to the outside world. When we merged a reaction was, 'Well, what will that do?’ What we had recognised was each others...

Practice Note

What is retirement planning? How do you view and your organisation view retirement? Is it something you approach positively or is it viewed with a sense of foreboding? Do...

Practice Note

Fire sale or strategic exit? The vast majority of the 10,000 or so law firms in England and Wales are made up of four partners or less. Some commentators believe many of...

Practice Note

If you fail to plan, you are planning to fail These wise words, often attributed to Benjamin Franklin, are highly pertinent to the management of law firms today. Your...

Practice Note

You came into the world with nothing You don’t have to look very hard these days to find evidence of law firm practices for sale. A quick search of the Internet will...

Practice Note
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