Succession Planning – Page 2 – The Lawyer Millionaire

Succession Planning for Law Firm Owners Series, Part 2 with Jeremy E. Poock, Esq. (Ep. 21)

By TheLawyerMillionaire | July 3, 2023

A law practice sale as part of your retirement plan is not only possible, it’s highly achievable, and there are several benefits that you might not know about… and we are here to show you how you can make it happen!

In part two of the Succession Planning for Law Firm Owners mini-series, Darren Wurz speaks with Jeremy E. Poock, Esq., founder and president of Senior Attorney Match, focused on designing and implementing law firm sales for attorneys who have practiced for over 30 years. Jeremy also elaborates on his experience working with buyers and sellers and gives us some incredible tips on successful succession planning.

Darren discusses:

His story; entrepreneurship, the unspoken pressure to pursue law and finding his niche
Common obstacles to selling a practice and how you can overcome them
How to structure the sale of your law firm and why selling to a growing practice makes a lot of sense
Best and worst case scenarios for selling a law practice and the biggest mistake you’ll want to avoid
Current trends in the law firm sales market
And more

Resources:

Wurz Financial Services

Connect with Darren Wurz:

Connect with Jeremy:

About our guest:

Jeremy E. Poock, Esq. is the founder and President of Senior Attorney Match, Inc., which designs and implements law firm sales for attorneys who have practiced for 30+ years.

Jeremy founded Senior Attorney Match in 2013, having practiced as a Massachusetts business law attorney since 2000 with a focus on representing buyers and sellers in the sales of small Businesses.

Recognizing a market need for Senior Attorneys to sell their well-established law practices and the constant need for Growing Law Firms to generate new clients and referral sources, Jeremy founded Senior Attorney Match to address both of those needs.

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Succession Planning for Law Firm Owners Series, Part 1 (Ep. 20)

By TheLawyerMillionaire | June 19, 2023

Why do law firm owners need a succession plan? What makes succession planning difficult? Can I really sell my law firm? How much is it worth? What does a succession plan look like? How is selling a law firm different from selling other businesses?

In this episode, part 1 of a mini-series on Succession Planning for Law Firm Owners, Darren Wurz answers these questions and more! Over the next several episodes, Darren and his guests will highlight the importance of succession planning for law firm owners and provide solutions to common challenges that prevent you from planning for the next phase of your career.

Darren discusses:

Biggest barriers to succession planning
How to align succession planning with your personal life goals
Options for exiting your law firm (internal transition, apprenticeship, merger, and more)
Tips for a smooth transition of leadership and ownership
And more

Connect with Darren Wurz:

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Law Firm Succession With Thomas Cuni (Ep.12)

By TheLawyerMillionaire | January 9, 2023

As a business owner, growing your law firm is one of your priorities. However, what happens when you’re ready to retire or sell your business, do you have a succession plan?

In this episode, Darren Wurz talks with Thomas Cuni from Cuni, Ferguson & LeVay Co., L.P.A. He discusses the importance of having a succession plan and why money isn’t everything when it comes to lawyers deciding when the right time to retire is.

Thomas discusses:

The importance of having a succession plan in place
Why most firms might not survive after their founder leaves the business
How retirement planning and succession planning go hand in hand
Why selling your practice isn’t a retirement plan
And more

Connect With Darren Wurz:

Connect With Thomas Cuni:

About Our Guest:

Thomas L. Cuni earned his law degree from the University of Cincinnati, College of Law. He was one of the founding partners of Cuni, Ferguson & Levay Co., LPA, where he currently serves as of counsel. His primary focus throughout most of his career has been the representation of small businesses, especially the formation of companies and purchase and sale of businesses. He has organized several hundred business entities and represented clients in the purchase and sale of more than 200 significant commercial real estate holdings. These skills and experiences led to his current work—helping law firm owners develop succession plans and successfully sell their practices.

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