In this CLE course, lawyers will learn how to value a law practice and the options available to lawyers and law firms when considering selling a law practice, with a focus on the ethical rules and professional responsibilities associated with succession planning.

The program will cover why growth by acquisition has emerged in the legal industry, why most “internal successors” do not want to purchase their boss’ law firm, and the rise of start-up law firms in today’s post-2020 digital era for the legal industry. Participants will gain practical guidance on navigating ethical duties while planning for transitions, sales, or closures of a law practice.