Passing the Torch Without Getting Burned

By Peter A. Giuliani

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.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.

• Format: Paperback
• Language: English
• ISBN: 1614389020
• ISBN13: 9781614389026
• Release Date: April 2014
• Publisher: American Bar Association
• Length: 161 Pages
• Weight: 0.70 lbs.
• Dimensions: 0.5" x 6.9" x 9.9"