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
Keynote
Moderator
- Martin H. Abo, CPA, ABV, CVA, CFF
- Abo And Company, LLC, Mount Laurel
Presenters
- Miles S. Winder, III, Esq.
- , Tacoma
- Jennifer Gillman, Esq.
- Founder and President
Gillman Strategic Group, Westfield - Dennis J.J. McGee, Jr., ChFC RICP
- Vice President, Wealth Management, USI Affinity
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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