Publications

Section Newsletter Articles on Succession Planning

Law firm succession & exit strategies—Transitioning client relationships and management roles By John W. Olmstead Law Office Management and Economics, Standing Committee on, April 2015 A look at transitioning clients and managerial roles—the two critical components of any succession/exit plan.
Editor’s column: It’s a new year! Have you reviewed and updated your succession plan for your firm? More importantly, do you even have one? By John T. Phipps General Practice, Solo, and Small Firm, March 2015 Newsletter Co-editor John Phipps shares why having a succession plan in place is so important. 
Limited liability companies, life insurance and business succession development planning By Randall H. Borkus Elder Law, April 2013 Transitioning ownership of a business to the next generation can be pretty complex stuff for many business owners so we really need alternatives to offer our business clients.
Should you merge with another law firm? By John W. Olmstead Law Office Management and Economics, Standing Committee on, December 2012 Successful mergers are based upon a sound integrated business strategy that creates synergy and a combined firm that produces greater client value than either firm can produced alone.
The need and methods behind a valuation By Dr. Bart A. Basi Business Advice and Financial Planning, December 2007 Along with deciding to engage in business succession planning and finding a successor, it is necessary to value the business.
Realistic business succession planning for family businesses By Leonard S. DeFranco Business Advice and Financial Planning, May 2007 Some suggestions that will enable the practitioner to steer the business owner to think realistically and plan successfully.
Sell your company and pay no tax! By Richard M. Colombik, JD,CPA Business Advice and Financial Planning, February 2007 Your business has matured, or your real estate has appreciated, time to cash out and sell.
Realistic business succession planning for family businesses By Leonard S. DeFranco Federal Taxation, January 2007 The business lawyer, in my experience, usually gives short shrift to the myriad of issues that confront succession planning in a family-owned business.