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Home / Columns / Poll: Small firms should plan now for possible future transition

Poll: Small firms should plan now for possible future transition

For the small firm, especially the sole practitioner, selling a law practice to another qualified lawyer can alleviate a host of succession-planning issues. Without adequate planning for a sale, a sole practitioner can face alternatives that could be disastrous if entered hastily. Consider a lawyer with younger children and an older spouse. The spouse suddenly has a ...

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