Solo and Small Firm Exit Strategies: 7 Step Plan for an Ethically Seamless Transaction

    Solo and Small Firm Exit Strategies: 7 Step Plan for an Ethically Seamless Transaction
    ETHICS 60 min

    Solo and Small Firm Exit Strategies: 7 Step Plan for an Ethically Seamless Transaction

    Ethically, solo and small firm lawyers are required to have a plan in place in the event of their sudden death or disability. Do you have such a plan? State bar associations are often faced with appointing receivers to close out practices. This imposes tremendous burdens on the families, clients, and, especially attorneys appointed to clean up the mess left behind. How does that attorney / receiver find or obtain access to IOLTA accounts, determine client's case status, the location of important documents, and other financial matters? Under the Model Rule of Professional Conduct 1.3, “…[I]n the event of a sole practitioner’s death or disability…the duty of diligence may require…a plan…designat[ing] a competent lawyer…to protect the interests of clients of a diseased or disabled lawyer. Also, many solo and small firm lawyers leave real value on the table when they close out their practices. Under Model Rule 1.17, you can sell your practice, including good will as long as certain conditions are satisfied. For many attorneys the plan is no plan at all or to die at their desk! You will learn how to satisfy your ethical obligations, simplify administration of your estate for those you leave behind, and finally, develop a plan to extract value from your firm as a reward for all your efforts to establish a successful practice through the sacrifices you made to create it. It is never too early to start planning so you can leave your family an asset, not a liability.

    Select your state to learn more about the credit details and status of CLE application.

    1.00 total credit hours including

    • Ethics/Professionalism

      Status:

      Approved

      1.00 credit hours

      Available until:

      12/30/2022

    1.00 total credit hours including

    • Ethics

      Status:

      Available for credit

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics

      Status:

      Available for credit

      1.00 credit hours

      Available until:

      10/17/2021

    1.00 total credit hours including

    • Ethics

      Status:

      Approved

      1.00 credit hours

      Available until:

      10/17/2020

    1.00 total credit hours including

    • Professional Ethics

      Status:

      Available for credit

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Legal Ethics

      Status:

      Approved

      1.00 credit hours

      Available until:

      10/17/2022

    1.20 total credit hours including

    • Ethics

      Status:

      Applied for

      1.20 credit hours

      Available until:

      12/30/2021

    1.00 total credit hours including

    • Ethics

      Status:

      Available for credit

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Enhanced Ethics

      Status:

      Applied for upon completion

      1.00 credit hours

      Available until:

      10/17/2021

    1.00 total credit hours including

    • Ethics and Professional Responsibility

      Status:

      Self apply

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics

      Status:

      Self apply

      1.00 credit hours

      Available until:

      04/17/2021

    1.20 total credit hours including

    • Ethics and Professional Responsibility

      Status:

      Applied for

      1.20 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics

      Status:

      Approved

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics

      Status:

      Approved

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics

      Status:

      Approved

      1.00 credit hours

      Available until:

      10/17/2021

    1.00 total credit hours including

    • Legal Ethics/Professional Responsibility

      Status:

      Self apply

      1.00 credit hours

      Available until:

      10/17/2024

    1.00 total credit hours including

    • Professional Responsibility

      Status:

      Approved

      1.00 credit hours

      Available until:

      10/17/2021

    1.00 total credit hours including

    • Ethics

      Status:

      Applied for

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics, Professional Responsibility and Professionalism

      Status:

      Self apply

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics

      Status:

      Self apply

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Professional Responsibility

      Status:

      Approved

      1.00 credit hours

      Available until:

      10/17/2021

    1.00 total credit hours including

    • Ethics and Professional Responsibility

      Status:

      Self apply

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics and Professional Responsibility

      Status:

      Self apply

      1.00 credit hours

      Available until:

      10/17/2022

    1.20 total credit hours including

    • Ethics and Professional Responsibility

      Status:

      Self apply

      1.20 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics

      Status:

      Applied for

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics or Professional Responsibility

      Status:

      Applied for

      1.00 credit hours

      Available until:

      10/17/2022

    1.20 total credit hours including

    • Ethics

      Status:

      Available for credit

      1.20 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics and Professionalism

      Status:

      Approved

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Professional Responsibility

      Status:

      Self apply

      1.00 credit hours

      Available until:

      10/17/2021

    1.00 total credit hours including

    • Ethics

      Status:

      Approved

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics/Professionalism

      Status:

      Available for credit

      1.00 credit hours

      Available until:

      10/17/2022

    1.20 total credit hours including

    • Ethics and Professionalism

      Status:

      Reciprocity

      1.20 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics/Professionalism

      Status:

      Applied for

      1.00 credit hours

      Available until:

      10/17/2024

    1.00 total credit hours including

    • Ethics and Professionalism

      Status:

      Approved

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics/Professionalism

      Status:

      Applied for

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics

      Status:

      Approved

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • General

      Status:

      Approved

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Attorney Professional Conduct

      Status:

      Applied for

      1.00 credit hours

      Available until:

      12/30/2020

    1.00 total credit hours including

    • Ethics

      Status:

      Applied for

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Professionalism (General)

      Status:

      Available for credit

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics or Professionalism

      Status:

      Applied for

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics

      Status:

      Approved

      1.00 credit hours

      Available until:

      10/17/2021

    1.00 total credit hours including

    • Ethics

      Status:

      Approved

      1.00 credit hours

      Available until:

      10/17/2021

    1.00 total credit hours including

    • General

      Status:

      Available for credit

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics

      Status:

      Approved

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics

      Status:

      Applied for

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics and Professional Responsibility

      Status:

      Self apply

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics/Professionalism

      Status:

      Applied for

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Legal Ethics/Professional Responsibility

      Status:

      Approved

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics

      Status:

      Applied for

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics

      Status:

      Approved

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics

      Status:

      Approved

      1.00 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics

      Status:

      Applied for

      1.00 credit hours

      Available until:

      10/17/2024

    1.20 total credit hours including

    • Ethics

      Status:

      Approved

      1.20 credit hours

      Available until:

      10/17/2022

    1.00 total credit hours including

    • Ethics

      Status:

      Approved

      1.00 credit hours

      Available until:

      10/17/2020

    1.00 total credit hours including

    • Ethics

      Status:

      Self apply

      1.00 credit hours

      Available until:

      10/17/2022

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    Solo and Small Firm Exit Strategies: 7 Step Plan for an Ethically Seamless Transaction

    Product Details

    Product Code

    GP1910EXIT

    Duration

    60

    Publication Date

    10/8/2019 12:00:00 AM

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