Program Details
On Demand

Succession Planning: Is Your Firm Financially Prepared?



Content Partner:  Association of Legal Administrators (ALA)
Mobile Compatible
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Price: $129.00*
Member Price:  $129.00
This program is no longer available.

* Applicable Membership or Subscription discounts will be added in your shopping cart

Description: Every firm is unique, but many share a common concern how to deal with the aging demographic of its owners and the resulting financial implications. As a best practice, your law firm needs to be proactive about the planning for the monetary implications in the retirement process, so that when the right time comes, partners can retire and clients will stay. Join this webinar and receive the important steps of an effective long-term succession plan.

Objectives:
  • Review the financial elements essential to a successful transition
  • Determine what results to measure to guide the firm in its planning and what financial incentives can be instrumental to a successful plan
  • Discuss ways to integrate younger attorneys into the financial management activities of your firm
  • Identify financial obstacles that can hinder the effective transition of clients
  • Discuss impact to firm of payment obligations to departing partners
  • Examine effective compensation plans that can help firms accomplish their strategic goals and meet their succession-planning objectives
CLM Credits: (Note that only the CLM credit available for this webinar is stated below. If a credit is not stated, it is not available for this program.)

CLM Recertification Credit: 1 hour in the subject area of Legal Industry/Business Management (LI)

CLM App Credit for Functional Specialists: 1 hour in the subject area of Legal Industry/Business Management (LI)  towards the additional hours required of some Functional Specialists to fulfill the CLM application.


**IMPORTANT NOTE TO REGISTRANTS: The live component of this program will be powered by a Cisco WebEx audio broadcast.  The Teleconference option will not be available to Attendees.  Technical questions during the webinar should be directed to our Customer and Technical Service line at 1-800-495-9378.  The Host, Presenters or Panelists are not equipped to troubleshoot local issues.**


Practice Areas: Accounting & Business of Law, Business, Finance, and Accounting
Online Media Type: Video
Production Date: 04/15/2015
Level: Basic
Category: Standard
Duration: 0 Hours, 55 Minutes
Online Format: On Demand

Click here for information on subscription discounts and Group Viewing opportunities.

Purchase of this product provides online access for 180 days. If you are purchasing a live webcast, you will receive complimentary access to the on demand version for 180 days once it becomes available. Please note that the on demand and podcast versions may, or may not be accredited in your state.

If you intend to take a course for CLE credit, please make sure your state is listed in the "Accreditation" section to the upper right of the program description. Accreditation displayed is unique to the purchased program format (live conference, live webcast, on demand, podcast). Credit totals listed for live conferences are the maximum credits available. Credits issued will be based upon actual time in attendance.  Credit totals for other formats are for complete programs.  Partial credit is not available for any online or downloadable format. 

 

West LegalEdcenter will not provide accreditation for states not listed. 



This product is intended for individual use by the named purchaser. Group viewings for online programs may be arranged for five or more attorneys within the same organization prior to viewing by emailing sales@westlegaledcenter.com.







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Accreditation:
CLM
ALA Certified Legal Manager
Total Credits: 0.75
Specialty Credits: 
Status: Accredited
Expiration: N/A
Training Type: Previously Recorded

West LegalEdcenter provides accreditation as described here. You may be able to self apply for credits in states not listed.

Check your state requirements and get contact information.
Speakers:
Brenda Barnes - Managing Principal, B2 Management & Consulting
This product is designed to provide information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought.


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