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Succession Planning: Preparing Your Firm for a Smooth Transition

Program Description:
For solo practitioners and small to mid-size firms, successful succession planning involves planning not just for retirement and possible sale of the law practice but also preparing for how the practice will respond in the event of a lawyer's death, illness or disability. Learn how to prepare your law practice for sale, retirement and contingencies.

Program Objectives:
  • Learn about having a contingency plan in place for your practice in the event of death, illness or disability.
  • Learn about preparing your practice for sale and the mechanics of IRPC 1.17.
Important MCLE Notice:
If you have previously viewed this program and received a Certificate of Completion, you may only claim MCLE credit once for this Program within a 12-month period. The ARDC reports individual attorney attendance to the MCLE Board by the 5th of the month subsequent to the date of completion of the MCLE program (for example, September events will be reported by October 5).
Estimated Time:  1 Hour

MCLE Credit:

Total General:  1.00

Total Professional Responsibility:  1.00