WILMIC News & Risk Management Articles

Check Out WILMIC’s Succession Planning Guidebook

WILMIC and the State Bar Senior Lawyers Division Announce the Release of the new Succession Planning Guidebook:

Winding Down: Considerations for Exiting the Practice of Law

Click the image above to access the guidebook (PDF)

This publication is available at no cost

  • Transitioning Your Law Practice — When Do You Know It’s the Right Time?
  • What Is My Law Practice Worth? Valuation of a Law Firm and a Law Practice
  • Case Studies – Merging Practices, Selling a Practice, Closing a Practice and Making Operational Changes that Anticipate Retirements
  • Checklists for Lawyers Planning to Retire, Closing Your Practice, Selling Your Practice, Buying a Law Practice and Partnership or Merging Law Practices
  • Malpractice Insurance Considerations, including Tail Coverage and Prior-Acts Coverage
  • Ethics Considerations – Five Things Solo and Small Firm Lawyers Should Do Before Taking Down Their Shingles
  • A Lawyer’s Fiduciary and Ethical Obligations When Exiting the Practice of Law
  • Ethical, Fiduciary, Legal and Practical Issues of Selling a Law Practice or Area of Practice
  • What Do I Do With All Those Client Files? Retention and Destruction of Closed Client Files
  • Other Important Resources Available To Lawyers