Law Firms for Sale- Attorney Robert Schaller

Attorney Robert Schaller recently read an interesting article on law firms for sale published by Lawyers Mutual Liability Insurance Company of North Carolina. To read the article click the link. Law firms for sale is an interesting topic to lawyers nearing retirement. Make sure to read ABA Rule 1.17.

The issues discussed include: Law Practice Exit Planning; Law Practice Valuation; Six Steps to Prepare Your Practice for Sale; and Eight Key Considerations in a Law Practice Transition Agreement. The Article also provides a variety of helpful checklists. The article begins with a discussion of Rule 1.17 and answers the question "Can you Really Buy or Sell a Law Practice?" Next, the article discusses the opportunities available to lawyers selling a law firm followed by a discussion of the opportunities of attorneys buying a law firm.

The section on law practice exit planning is perhaps the most interesting section of the article. Will it be a merger with…

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Is Selling Your Law Firm Your Exit Strategy?

Law Firm Exit Strategy recently posted an interesting article about a lawyer's need for an exit strategy when planning the sale of a law firm. A happy ending would be the successful sale of the seller's law practice to the highest bidder. But an exit strategy is essential in the event of a worse-case scenario. Read the post and learn more about succession planning. The exact page is

More blog posts by attorney Robert Schaller of the Schaller Law Firm can be found at

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