Practice Management and Succession

ProLegal can help position your law business to appeal to potential buyers, or assist you in planning for its transition to identified leaders within your firm. Whether operating in a solo environment or as a group, law businesses face a host of critical issues. Sole practitioners must determine whether they are going to hire and develop a key associate to pass the torch to or sell their law business to an external prospect.

Law firms face many complex challenges which include: partners who want to phase out gradually, firm leaders who must be replaced, and client relationships that need to be passed carefully into new hands.  Even with advance planning and management these transitions can take years—yet many firms, and individual lawyers, are not adequately prepared. We help you identify a transition strategy specifically designed for the unique needs of lawyers and law firms.