Peter A. Giuliani’s new book, Passing the Torch Without Getting Burned: A Guide to Law Firm Retirement and Succession Planning, is a comprehensive examination of key economic issues typically encountered by law firms when they consider how partners end their careers. Giuliani, an experienced law-firm management consultant, illustrates common retirement issues and their resolutions through case studies from his years of consulting experience. This book will help lawyers:
- 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 the 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 their law firm; and
- Understand special considerations for contingency-fee practices.
Author Peter A. Giuliani is a partner at Smock Law Firm Consultants in Lake Forest, Ill. His law firm management experience spans nearly 45 years, as a management consultant to law firms and other professional service firms and as executive director for seven years of Cummings & Lockwood, a 180-lawyer law firm based in Stamford, Conn. His specialties include strategic planning; financial management and law firm economics; administrative and technology infrastructure planning; strategic mergers, acquisitions and divestitures; and practice group management.
Title: Passing the Torch Without Getting Burned:
A Guide to Law Firm Retirement and
Publisher: ABA Law Practice Management Section
Product Code: 5110762
Size: 7 × 10
Orders: 800-285-2221 or ABA Web Store
Editor’s note: Review copies are available by sending an email to Lindsay Dawson at Lindsay.Dawson@americanbar.org. If you publish a review of this book, please send tearsheets or a copy for our files to Lindsay Dawson, American Bar Association, Book Publishing, 321 N. Clark St., Chicago, IL 60654.
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