Maintaining and Extracting the Value of Your Law Practice
Category: On Demand
Member Price: $220
Non-Member Price: $275
Areas of Law: Solo & Small Firm
| NJ CLE: | NJ CLE information: This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 4.5 hours of total CLE credit (Full Credits Available: NJ General: 4.5). |
| NY CLE (t&nt): | NY Practice Management Transitional: 4.5 |
| PA CLE: | PA Substantive Credit: 3.5
New: No PACLE fee is required for this program. To earn PA CLE credits, a valid PA Bar ID number must be entered into the CLE form provided after attending the program. |
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
Presented in cooperation with the NJSBA Solo and Small-Firm Section
This seminar 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.
Each attendee will receive a valuable pdf of materials plus the e-book, Successful Succession Planning for Lawyers.
Program Agenda:
- 12:00 | Introduction
- 12:05 | Business valuation basics – reasons for valuation and characteristics that affect valuation
- 12:45 | The unique perspective of law office valuation
- 1:00 | Insurance products and decisions related to law office value maintenance
- 1:50 | 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
- 2:40 |Networking break
- 2:55 | 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
- 3:45 | Panel discussions and Q&A
- 4:00 | Adjourn