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Courses/Law/Law Practice Management

Succession Planning & Transitioning to Life After Law

Navigating Practice Wind-Down, Obligations to LSO, and Planning Retirement

Created byToronto Lawyers Association
5.0
(3 reviews)
BeginnerUpdated Apr 7, 2023
Succession Planning & Transitioning to Life After Law

About This Course

All good things come to an end. This nutshell program focuses on several aspects of life after law. It explores the issues of what are you going to do with your practice (sell it, wind it down or leave it to a successor), what are your obligations to and requirements of the LSO.

Our panel of practitioners and experts from various backgrounds will cover the following considerations that are essential for every lawyer who is winding down their practice:

  • The LSO’s 5 top tips for maintaining a roadmap for the future.
  • How do you valuate your practice and what are the tax considerations involved with selling or otherwise transferring your practice.

Please join us as our expert panelists discuss these important and inevitable issues.

  • Contingency planning/ Closing down a legal practice or law firm (Catherine Phillips): Get the LSO’s perspective on how to best plan for the future.
  • Risk management best practices/ Closing down a legal practice or law firm (Mark Harendorf): The accounting side of things, including tax considerations, valuating the practice and setting it up for a sale

Presenters:

Mark Harendorf Catherine Phillips Douglas Strelshik

Your Instructor

Toronto Lawyers Association
Toronto Lawyers Association

Toronto Lawyers Association

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For more than 135 years, the Toronto Lawyers' Association, located within the Courthouse Library, has represented the interests of lawyers practising in the City of Toronto. The association was founded to support its members in three key areas: Knowledge, Advocacy, and Community. To uphold these pillars, the association offers a year-round mix of online and in-person education programs for lawyers, hosts both free and paid events to foster in-person networking, and submits advocacy pieces on behalf of its members to the Ontario bench and bar, all levels of government, and the broader public.

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What Students Are Saying

5.0
Student's Choice
3 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.