Navigating the Sale of Your Legal Practice
Law Jacob Murad Law Jacob Murad

Navigating the Sale of Your Legal Practice

The Law Society has begun to mandate succession planning for lawyers. This makes sense as an initiative to provide clients with certainty for when a lawyer wishes to retire or passes away suddenly. I have heard many stories of clients who have phoned up their prior lawyer who was in possession of their will, only to find that the doors have been closed for some time. Having a lawyer succession plan makes plenty of sense and one efficient avenue that some lawyers may want to consider is to sell their practice.

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