Lexis Nexis Passing the Torch without Getting Burned: A Guide to Law Firm Retirement and Succession Planning
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For law firms, succession is a fact of life: founding partners retire, rainmakers depart, and in the meantime, client relationships must be preserved. Passing the Torch without Getting Burned: A Guide to Law Firm Retirement and Succession Planning is a comprehensive examination of the key economic issues typically encountered by law firms when they consider how partners end their careers, as they inevitably must. Peter Giuliani, an experienced law-firm management consultant, illustrates common retirement issues and their resolutions through "real life" case studies from his years of consulting experience. This book will help you:
• Understand the basic economics of retirement and succession planning
• Take care of founding partners upon their retirement
• Bring new partners into the firm
• Select a retirement plan that's best for your firm--and make it affordable for employees
• Weigh the costs and benefits of mandatory retirement
• Consider "emeritus status" alternative retirement plans
• Integrate compensation plans with retirement policies
• Think about selling your law firm
• Understand special considerations for contingency-fee practices
Passing the Torch without Getting Burned: A Guide to Law Firm Retirement and Succession Planning also includes retirement policy forms and sample language for partnership agreements.
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