Passing the Torch Without Getting Burned

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; andunderstand 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. Read more