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      Passing the Torch without Getting Burned

      By Peter A Giuliani

      Passing the Torch without Getting Burned

      Passing the Torch without Getting Burned

      By Peter A Giuliani

      Passing the Torch without Getting Burned is a comprehensive examination of the key economic issues typically encountered by law firms when they consider how partners end their careers.

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      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.

      Product Details

      Authors

      Peter A Giuliani

      Sponsors

      Law Practice Division

      Publishers

      ABA Book Publishing

      ISBN

      9781614389033

      Page Count

      161

      Product Code

      5110762EBK

      Publication Date

      3/24/2013 12:00:00 AM

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