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Passing the Torch Without Getting Burned
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ISBN13: 9781614389026
Publisher: Amer Bar Assn
Published: Apr 7 2014
Pages: 161
Weight: 0.75
Height: 0.50 Width: 6.90 Depth: 9.90
Language: English
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; and
- understand special considerations for contingency-fee practices.
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