Passing the Torch without Getting Burned: A Guide to Law Firm Retirement and Succession Planning
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Passing the Torch without Getting Burned: A Guide to Law Firm Retirement and Succession Planning

Passing the Torch without Getting Burned: A Guide to Law Firm Retirement and Succession Planning
Product Code: 5110762
About the Author: Peter A. Giuliani
Publication Date: June 2013
ISBN: 978-1-61438-902-6
Page Count: 161
Trim Size: 7 x 10
Sponsoring Entities: Law Practice Division
Topics: Career Development, Financial Management, General Practice, Law Practice Management, Management / Organizational Skills, Reference
Format: Book - 5110762
Other Formats: eBook - 5110762EBK
Pricing: $79.95 (Regular)
$79.95 (ABA Member) ABA Members, Log in now to receive this discount!
$47.95 (Law Practice Division) ABA Members, Log in now to receive this discount!
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About Passing the Torch without Getting Burned: A Guide to Law Firm Retirement and Succession Planning

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.