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Succession Planning

Length: 6 hours

Succession Planning 

There will be a time when each one of us is not available to serve our clients. What then? 

This seminar addresses how a solo or small firm practitioner should (and must) plan for what happens when she is no longer able to serve her clients, whether because she is on vacation, in the hospital, in a coma, retired, or deceased. The focus will be on the nuts and bolts, and the ethics, of long-range thoughtful planning and planning for an emergency. One goal of the program is to provide practitioners with a wide range of sample forms, checklists, and other tools to help make succession planning easy, effective, and appropriate. Among the topics to be considered are:  

  • How succession planning works
  • What rules govern the sale of a firm?
  • What are the critical elements of a succession plan for both solos and small firm lawyers?
  • What steps need to be taken to prepare for the unexpected?
  • What must be done to wind down and close your business?
  • What sorts of structures are available for firms and how do those structures  effect the succession process?
  • What are the key financial aspects of succession (including capital, buy-in, compensation, retirement arrangements, tax implications, estate valuation, and trust accounts)?
  • What are the ethical rules that apply to succession planning? 

All lawyers who practice solo or work in a small firm, no matter what their practice area, will find this program valuable. Attendees will leave with a clear understanding of what they must do now to prepare for the day when they are no longer available to serve their clients, and an armload of tools, forms, and checklists to help them start preparing right away. This is a “must attend” seminar

The program carries 6.5 MCLE credits, including 1.0 hours of ethics.  

Speaker Information:

            Arthur G. Greene, Esq.

            Michael E. Kennedy, Esq.

            Betsy Wolf Blackshaw, Esq.

            Mary C. Ashcroft, Esq.

CLE Credits (60): Total hours 6.5

Produced By:

Vermont Bar Association

Course Materials

  • Succession Planning