While it is critical to develop a detailed plan of action, without ongoing advice and guidance, the plan becomes simply another document on the bookshelf. After working with the attorney to develop the plan, a Master Practice Advisor coaches the attorney on a monthly or bi-monthly basis to make sure that each step of the plan is implemented according to plan, and according to timelines, and supports the attorney in responding effectively when changes occur.
Also, where changes in firm operations are identified during the planning stage, the Advisor provides critical advice and guidance on implementation of steps to enhance firm value.
Without a plan - or too often even with a plan, the attorney finds it difficult to move forward and execute the plan effectively. Advanced Attorneys provides an advisor - coach to help the attorney stay on track, and walk through the needed steps effectively.
We offer two important tools to help you plan for a successful transition.
First, the Practice Evaluation for Succession Planninghelps you determine how prepared you and your practice are for a transition, and what may be missing for you in terms of operations, systems and procedures, staffing, and marketing.
Second, download and complete our Law Firm Practice Valuation Matrix which can help you identify the value of every element of your practice, and develop a reasonable financial goal for its sale and transition. In completing it you will gain important insights into areas for improvement that could increase its value to you and a successor.
Helping Advanced Attorneys Land their Practices Profitably, Ethically and Successfully
A Division of