The Lawyers Guide To Buying Selling Merging And Closing A Law Practice
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The Lawyer's Guide to Buying, Selling, Merging, and Closing a Law Practice
Author | : Sarina Butler |
Publisher | : American Bar Association |
Total Pages | : 238 |
Release | : 2008 |
Genre | : Business & Economics |
ISBN | : 9781590319321 |
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This book is a valuable resource for information on things to consider before and during the process of buying, selling, closing, and merging a law practice. The guide provides advice and tips on: the advantages of buying and selling a law practice; the ethical aspects of acquiring a law practice; valuation of a law firm; tax consequences of retiring a partner's interest in a law firm taxed as a partnership; merging law firms; selling a niche practice; business responsibilities in closing a law practice; the ethical aspects of winding down a law practice; file preservation; and ending client and employee relationships. The guide includes handy checklists, forms, and sample letters as well as several Rules from the ABA's Model Rules of Professional Conduct.
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