Do you or your firm have a written business succession plan?
What is a succession plan?
A basic succession plan involves having written instructions designating another competent lawyer to temporarily assume the responsibilities of your practice and notify clients in the event that you become disabled or die.
To learn more about succession planning:
· ARDC video overview
Resources on creating a succession plan:
American Bar Association (ABA)
website (www.americanbar.org) includes form succession plans at:
· ARDC publication, The Basic Steps to Ethically Closing a Law Practice (Oct. 2012) on the ARDC website at :http://www.iardc.org/Closing_a_Law_Practice.pdf.
Coming this Fall the ARDC co-sponsored with the ISBA a one-hour recorded webcast on succession planning. Check the ARDC website at https://www.iardc.org/CLESeminars.html in the coming weeks.