Replay: Maintaining and Extracting Value from Your Practice
Date: Nov 19, 2024 9:00 a.m. – 12:00 p.m.
Location: Online
Member Price: $190.00
Non-Member Price: $250.00
Section Price: $0.00
Areas of Law: Law Office Management
Earn up to 4.5 credits! (More Information)
Keynote
Moderator
- Martin H. Abo, CPA, ABV, CVA, CFF
- Abo And Company, LLC, Mount Laurel
Presenters
- Jennifer Gillman, Esq.
- Founder and President
Gillman Strategic Group, Westfield - Dennis J.J. McGee, Jr., ChFC RICP
- Vice President, Wealth Management, USI Affinity
- Miles S. Winder, III, Esq.
- , Tacoma
Best of NJICLE Replay
Don't miss this opportunity to catch up on the Maintaining and Extracting the Value of Your Law Practice seminar you missed!
NOTE: This is a previously recorded seminar and does not count as "live" credits.
Presented in cooperation with the NJSBA Solo and Small-Firm Section
This replay is all about value. You worked hard to establish and build a practice and have spent years or even decades to ensure its success. However, if you want to sell it, retire or leave, or if you have a book of business that you would like to bring elsewhere, you need to know how to put a dollar value on it.
Join an esteemed panel consisting of a respected accountant and financial planner, a wealth manager, a law firm matchmaker and a former NJSBA president who sold his practice, for session about valuing your practice. They will assist you not only in discerning what your office might be worth in a sale or merger, but will also discuss the value of a partner moving to a new firm with their files or a small group’s merger with a larger law office. The speakers will also provide instruction on how to maintain the value of a practice in the event of casualty or temporary disability of a partner and key personnel.
Topics include:
- Business valuation basics – reasons for valuation and characteristics that affect valuation
- The unique perspective of law office valuation
- Insurance products and decisions related to law office value maintenance
- Law Office Transactions Buy/Sell
- Merger and individual practice portability
- Introduction to succession planning
- How to do it, how to use it
- Ethical rules affecting the sale of law practices
- Resources available to help you get your practice ready for sale
- Planning for sale, planning for catastrophe, planning for retirement
- The value of and strategies for succession planning
- Maintain and extract value from years of hard work
- Protecting one’s clients, family and the administration of justice
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Digital Materials & Environmental Commitment: As part of our commitment to environmental sustainability, unless otherwise noted, all seminar materials are provided as digital downloads. You can access these materials through:
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Cancellation and Refund Policy:
If you need to cancel your registration and are not transferring to another program or date, please submit a written request to us at least three business days before the event, meeting, or gathering. You will receive a refund minus a $20.00 cancellation fee. No refunds or registration changes will be issued within three business days of the event, meeting, or gathering.
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