OSB Professional Liability Fund

  • To Sell or Not to Sell as a Solo

    June 17, 2019

    Selling a firm is no simple task, especially if you are a sole practitioner. Not every firm is meant to be sold, as not every firm has transferable assets that might appeal to a buyer. Take a look at these aspects of a sale to gauge whether it makes sense to form a long-term sale plan, attempt a more abrupt sale, or simply close the door when the time comes.

    by Lee Wachocki

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  • Succession Planning: Developing a Reasonable Timeline and Identifying a Successor Attorney

    February 02, 2017

    Retirement
    One of the biggest roadblocks to succession planning is not adopting a reasonable timeline. I like reverse planning: Start with the end goal and work your way back. I guarantee that you will be surprised at how many interim steps are necessary.

    by Sheila Blackford

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