Selling Your Law Practice: Is It for You? CLE

Selling Your Law Practice: Is It for You?

May 2011

Selling Your Law Practice: Is It for You?

A business-focused series for client-focused lawyers

Program Description

As a solo or small firm lawyer with a book of business that took a career to build, your retirement isn't as simple as a gold watch farewell.

Is it possible to wind down your practice, leave your clients in good hands, and maybe even find some financial benefit from the firm you built?

Yes, but you have to start planning now.

This one-hour program will survey the key considerations that arise when considering a sale, including:

- Why would someone purchase or sell a practice?

- How does a buyer find a seller?

- How does a seller find a buyer?

- What issues affect the ability to sell and the sale price?

- How is the sale price determined?

- What should you expect at the closing?

- What ethical rules are implicated?

Agenda

11:30 am

Registration

12:00 pm

Programming

1:00 pm

Adjourn

Faculty

James C. Duve, Esq.
Colorado Springs

James C. Duve, Esq., has been in private practice in Colorado Springs as a solo practitioner since graduation from the University of Kansas School of Law in 1973. He received a B.S. degree from the University of Wisconsin - Whitewater in 1970. Jim is Chair of the Solo Small Firm Practice Section of the CBA for 2010-11 and is a member of the Business Law Section. He was Program Chair of the CLE “Planning Ahead: Establishing a Transition Plan” in 2010 and has been Co-Chair of the El Paso County Bar Association Solo Small Firm Practice Section since 2005, including making numerous CLE presentations at monthly meetings of that group. His practice is focused on transactional business law and the areas of wills and probate. Jim has represented buyers, sellers, or business brokers in hundreds of transactions involving the sale of the assets of businesses and professional practices.