How to Bring in New Partners and Succession Planning

Short course

In London

£ 225 + VAT

Description

  • Type

    Short course

  • 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

London
See map

Start date

On request

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Teachers and trainers (1)

John Loosemore

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

Payment options: Course fee includes refreshments and materials.

How to Bring in New Partners and Succession Planning

£ 225 + VAT