How to Bring in New Partners and Succession Planning
Short course
In London
Description
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Type
Short course
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Location
London
The delegate will be fully equipped to determine whether partnership is right. for them. Suitable for: Associates. Partners. Salaried Partners. Junior Partners. Anyone setting up their own firm
Facilities
Location
Start date
Start date
Reviews
Teachers and trainers (1)
John Loosemore
Course Director
Founder of Kaplan Altior, has spoken to thousands of lawyers and advised many law firms both in the UK and abroad and advises many firms on practice management issues. He founded and built a large legal practice which he ran for many years and has been at the forefront of the debate on the future role of lawyers. He is the co-author of ‘Accounting for Success’ (Oxford University Press, 3rd Edition 2002) which explains the mysteries of accounts to lawyers.
Course programme
Course Content
Why you should attend this seminar
Key questions for Partners are:
- How can I secure the future of the firm?
- How to negotiate an “exit route”?
This interactive course answers these questions. It is an essential, practical guide to structuring and developing a partnership. Ample time will be available for questions.
Programme includes
- How to evaluate a partnership offer
- How to appraise a start-up opportunity
- Negotiation with existing partners
- How to limit your liability
- Do we need a partnership deed?
- The importance of an “exit route”
- The regulatory framework
- Maximising the rewards
- How to value a law firm – tangible assets, work in progress, clients and goodwill
- Provision of working capital
- Age structure of the partnership
- How to understand the accounts of a law firm
- How to negotiate borrowing terms.
Details:
Half day course - pm.
3 CPD hours
This course can help contribute towards thetraining requirements of the SRA for Management Course Stage 2 and Rule5 for solicitors wishing to be “qualified to supervise.” Rule 5 of theCode requires solicitors wishing to be “qualified to supervise” toundertake 12 hours of management skills training.
Additional information
How to Bring in New Partners and Succession Planning