Size Matters

The most common exit strategies for retiring solo practitioners and small law firm owners typically include recruiting a successor, merging with another law firm, or selling the practice. All of these options have advantages and disadvantages.

However, there’s one strategy that is rarely considered, though it may make the most sense in terms of the retiring lawyer’s financial and personal well-being. That strategy is downsizing.

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I was very unhappy as a partner at my law firm and was not sure what my best options were. Working with Roy helped put a sense of organization on what started out as a morass of imperfect information, observation, and assumptions. Thinking things thr…" Read the rest
– Partner, large Raleigh, NC, law firm

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