3.5 hours SRA CPD. (Workshop)

Viv Williams, Senior Partner, 2020 Lawyers Group
Chris Frederiksen, Chairman, 2020 Group

Who should attend?
Practice Directors, Practice Managers, Senior Partners, Managing Partners, Partners, Department Heads, Business Services Directors, Operations Directors.

The Legal Services Bill is causing concern amongst most legal Firms, and many predictions are that 1 in 6 Firms will not be in business by next year. Merger and acquisition activity among Law Firms is growing week by week.

Many Firms want to grow, others are desperate to merge or sell…this seminar will show you how.

Here are some of the topics that will be covered:

• Where and how to find the best practices to buy
• How to value a small Law Practice
• How to value a large Law Practice
• Types of services and their impact on a Firm’s value
• Client dependency
• Payment terms and financing
• Contingency and “claw back” arrangements
• Interest provisions and tax treatment
• Non-compete clauses
• Where and how to find the right buyer
• Continuing involvement of seller — the pros and cons
• Use of seller’s name
• How to notify clients
• Responsibility for deficient/ delinquent work
• Avoiding the “pig in a poke” situation
• Practice valuation for new partners buying in
• How to do a successful merger
• Typical merger and de-merger provisions
• Merger & Acquisition industry update

Dates