Practice HQ Resource: Succession Planning Checklist
Succession planning is a necessary consideration for attorneys, regardless of whether they’re actively planning to close or merge a firm.
It’s important for lawyers to designate a representative who can take limited fiduciary action if the designating attorney loses the capacity to run his or her firm, abandons the practice, or dies.
The ISBA’s “Succession Planning Checklist” provides guidance when considering the various scenarios that may necessitate an attorney handing over the reins.
The checklist is one of many member resources available at Practice HQ, the ISBA’s one-stop microsite for practice management and technology information. Organized by the life cycle of a law practice, Practice HQ can help you start a firm, build, manage, protect, or wind down. Practice HQ content is members-only; you must log in to the ISBA website for full access.