General Practice, Solo & Small Firm DivisionMagazine
Volume 17, Number 1
The Chair's Corner Sharon C. Stevens
State of the Section.
From the Editor jennifer j. rose
The Horizons Beyond.
Who Is "Bill W."? John W. Clark, Jr.
Legislative Update E. E. Anderson
Comprehensive Test Ban Treaty Not Ratified, Republican Tax Bill Fails, Campaign Finance Reform.
The Business of Law® Edward Poll
Law Firms for Sale...Everyone Benefits.
technology.law J. Michael Jimmerson
Sunsetting a Law Practice Laura Gatland
From the run-of-the-mill retirees, to partners who find better opportunities elsewhere, to small firm lawyers who can't make a go of it, these "war stories" explain why and how lawyers are closing up shop.
Closing Your Practice
Sale of a Law Practice Robert L. Ostertag
Reversing years of discrimination against solo practitioners by court rulings and bar association ethics decisions, heros like Donald Rikli have convinced many jurisdictions to allow the sale of a law practice.
And the mission continues.
What Rule 1.17 Says
Buy-Sell Agreements: Insuring Your Future Sharon A. Merkle
Valuation of a Law Practice James D. Cotterman
What's being transferred can be separated into two components:
the business-hard assets less outstanding debt, and the practice-the immediate stream of revenues plus the referral sytem.
Table 1: Arriving at a Reasonable Multiple
The Transitioning Lawyer: How to Meet Your Ethical Obligations Marcia L. Proctor
You can't control every aspect of future transitions, but agreements with backup counsel can help.
State bar associations are setting up programs to help you resolve professional and economic disputes with other lawyers.
Semi-Retirement from Private Practice: One Lawyer's Story Daniel R. Heiden
Easing out of practice, one lawyer makes important decisions about his firm's cases, clients, files, and lease.
Risk Management: Protecting Your Clients and Your Assets in Your Absence Ann Massie Nelson and Melvin G. McCartney
The liability for your work continues after you retire, go of counsel, become disabled, die, or sell your practice. Make the right insurance decisions.
Business Resumption Planning Michael Polelle
In case of flood, fire, power outages, or other disasters, protect your firm against loss of revenues and liability to other businesses and employees.
Table 1:Business Interruption Events
Business Interruption Insurance