Many of us work with professional clients-physicians, dentists, orthodontists, veterinarians, and the like-who have plans in place for the orderly sale or transition of their practices upon their retirement or death. But how many of us lawyers have considered that idea for ourselves, let alone begun taking practical steps that might make such a transition possible, or perhaps more lucrative? For many lawyers, the prospect of retiring and exiting the practice of law can be a delicate or daunting one, but it might just be a challenge worth facing, and in fact it could be measurably valuable (financially speaking) to do so long before we think we are “ready” to retire.
This new program from national CLE presenters Chris Osborn, JD and Michael Kahn, JD, LPC of ReelTime CLE, is designed to help solo and small firm lawyers think proactively about succession planning, and in particular how to maximize the value that could be obtained for a viable, transition-ready practice. Join us for a lively discussion of an original short film by Michael and Chris depicting the common obstacles and challenges that a lawyer may face when selling a practice, and an opportunity to develop practical strategies for overcoming the ones you may face in your own practice. Even if you aren’t sure the time is quite right yet, come learn about practical steps you might be able to take now, long before you are ready to “make the leap,” to increase your chances for a softer and more satisfying “landing.”
Learning Objectives
Workshop participants will have an opportunity to:
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Think through the goals and milestones for a successful practice sale or transition
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Understand the process and timetable for an effective transition
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Identify the ethical pitfalls and other challenges of selling a practice
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Understand how to value your practice, or one you would like to buy
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Hear success stories from lawyers who made it work well, for both the buyer and seller
Who Should Attend?
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Lawyers who are considering or have started to transition out of their practice
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All solo and small firm lawyers
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Large and medium-sized firm lawyer or government lawyers looking for a way to transition from their current employment to launch a solo practice with some additional know-how, existing law firm infrastructure, and perhaps even a client base
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Lawyers planning to move or change practice areas or geographic locations within the next 10 years
Meet the Speakers:
CHRIS OSBORN
In addition to his ongoing work with ReelTime CLE, Chris Osborn is the founding principal of Osborn Conflict Resolution, which provides Superior Court mediations, collaborative law approaches for construction, busi-ness, and employment disputes, and pre-litigation conflict coaching and conflict conciliation services throughout North Carolina. Chris has been certified by the N.C. Dispute Resolution Commission as a Supe-rior Court mediator since 2009 and has assisted the vast majority of his legal clients over the years to reach amicable resolutions in a wide variety of liti-gation matters, including business breakups, con-struction and employment law disputes, and will caveat disputes.
MICHAEL KAHN
Michael Kahn is a "recovering law-yer," having practiced for 6 years with the New Jersey Attorney General's office. He is a licensed Professional Counselor in the State of Oregon, and his psychotherapy practice has focused on helping clients deal with anxiety, depression, grief/loss, career satisfaction, and men's issues. He co-facilitates grief groups for lawyers in Oregon and Vancouver, BC. Michael pre-sents training seminars and workshops on ethics, grief, wellness, diversity and inclusion and other topics throughout the U.S. and abroad, including for the U.S. military in Germany and Japan. He also is a professional coach and provides assistance with career issues, stress management, retirement, and coping with change.
COST: LBA Member: $180 | LBA Sustaining Member: $162 | LBA YLS Member: $90 | LBA Paralegal Member: $90 | Non-Member: $360
Attend BOTH sessions: LBA Member: $349 | LBA Sustaining Member: $315 | LBA YLS Member: $180 | LBA Paralegal Member: $180 | Non-Member: $698. To register for both programs and receive the discount, please call the LBA at 502-583-5314; discount cannot be applied with online regsistration.
All handout materials are via electronic download. Paper copy may be purchased for an additional cost.
Cancellation Policy: ancellations must be received by the LBA no later than 5:00 p.m. on May 14, 2018 to receive a full refund. Substitutions are allowed.
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