Whitepapers
- The Basic Steps to Ethically Closing a Law Practice (an ARDC Publication)
- Succession Planning at the Smaller Law Firm-A Bigger Challenge (National Law Review)
- Succession Planning 101 (National Law Review)
Products and Services
- Law Practices for Sale - Getting ready to retire or take down your shingle? Use this ISBA service to list your practice!
- ABA Retirement Funds
- Career Center - Post a Job
Free On-Demand CLE
Eligible ISBA members receive 15 hours of Free On-Demand CLE as a member benefit. Non-members may purchase these programs.
Additional Resources
- Succession Attorney Guide and Resources For Successfully Transitioning
Into a New Practice - ISBA’s Proposed Succession Rule
- Planning for the Sale and Transitions of a Law Practice Under Rule 1.17 of the Illinois Rules of Professional Conduct in the Event of the Retirement, Death or Disability of a Sole Practitioner, by John T. Phipps
Sample Documents
- Sample Succession Plan
- Sample Rule 1.3 Succession Planning Checklist
- Sample Attorney Will Provision for Disposition of Law Practice
- Preemptive Client Consent in Fee Agreements
- Sample Powers of Attorney Provision
- Sample Emergency Checklist for Deceased or Disabled Attorney's Executor of Representative
- Sample Sole Shareholder Corporate Resolution Contingency Plan
- Sample Sole Director Corporate Resolution Contingency Plan
- Sample Confidentiality Agreement re: Practice Information
- Sample Certificate of President and Secretary-Treasurer for Contingency Plan Resolution
- Sample Petition for Letters Testamentary (involving the disposition of a law practice)
Ethics
ISBA Advisory Opinions on Professional Conduct
Articles
Retirement
- September 2018
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Throwing Your Firm a Lifejacket
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From the Newsletters - Confronting the inevitable: Succession planning for lawyers.
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What’s your succession plan?
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Technology at end-of-life: Estate planning for Millennials
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Technology at end-of-life: Estate planning for Millennials
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Chair’s column: Be prepared—Succession and transition planning
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ISBA takes on lawyer succession and transition planning
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Technology at end-of-life: Estate planning for Millennials
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Everything a (senior) lawyer could ever want to know about the Extended Reporting Period (ERP) a/k/a “Tail” coverage
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Retirement from the law practice
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Will we let our attorneys … go gentle into that good night …?
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Planning for Retirement: A Life Guide for Attorneys
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Boo hoo! Nothing to do!
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Lawyers and retirement/Oil and water
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Protecting the assets of a retiring attorney
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Law firm succession/Exit strategies: Practice continuation arrangements
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Law firm succession/exit strategies: Ideas for getting started
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Taking Down Your Shingle
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Retired, inactive, in-house lawyers can now represent clients pro bono
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Editor’s Column: Illinois Supreme Court allows retired lawyer to do pro bono work during retirement without requiring annual registration fee
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What happens when aging lawyers don’t know when to quit?
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Avoiding the Cliff-Hanger Ending
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Phased retirement: A retention strategy whose time has come
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Practical suggestions on transition or retirment from a law firm
Selling a Practice
- January 2019
- September 2018
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From the Newsletters - Confronting the inevitable: Succession planning for lawyers.
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Chair’s column: Be prepared—Succession and transition planning
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ISBA takes on lawyer succession and transition planning
- September 2016
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Don’t forget yourself
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For Sale by Owner: Getting the Most for Your Law Practice
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Turning out the lights
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Seniors, don’t sell your law practice. Have fun!
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Selling Out
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Law firm succession/exit strategies: Valuation of the firm
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Editor’s column: Sale of a solo practice update
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Practice transition problems of solos
Leaving a Practice
- September 2018
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Chair’s column: Be prepared—Succession and transition planning
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ISBA takes on lawyer succession and transition planning
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Law Firm Succession/Exit Strategies: Small Firm Merger: A Case Study of a Solo Attorney that After Two Unsuccessful Attempts Took a Phased Approach to a Merger with a Small Sole Owner Practice
- October 2016
- February 2016
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Trend: Leaving the law
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Transitions in the law
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Succession Planning and the Duty of Diligence
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Leaving with clients in tow
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Fifty Ways to Leave Your Law Firm