We recently launched our new member benefit, Practice HQ. Organized by the lifecycle of a law practice, this one-stop microsite houses together high-quality practice information in one place.
Once you've opened your firm, developed a marketing and retention strategy to build your client base, learned the ins and outs of managing and protecting, the final stage of your firm's lifecycle is to ethically wind down. There is no one-size-fits-all approach to succession planning because practices close for many different reasons; sometimes it is planned while other times the circumstances are outside of our control. As a result, the Practice HQ resources geared toward winding down your practice are valuable to members at all stages of their career, whether you're nearing retirement or simply want to prepare for the future. After all, the planning for eventual succession takes place long before any transactions.