General Credit Hours:1
CDs/DVDs may not ship until 4-6 weeks after the original program date below.
Original Program Date: June 12, 2025
CLE Credit Expiration Date: December 31, 2026
Are you ready to take the leap into law firm ownership? Whether you’re considering launching your own firm from the ground up or purchasing an existing practice, this session will equip you with the strategies and insights needed to make a successful transition from attorney to business owner. In this practical and engaging presentation, we will explore the critical decisions law firm owners must make, the challenges they will face, and the strategies to build a thriving, profitable practice. Attendees will gain the knowledge needed to confidently evaluate opportunities, avoid common pitfalls, and create a long-term vision for their firm. This session is perfect for attorneys thinking about law firm ownership, current solo practitioners ready to expand, or partners looking for an exit strategy that ensures continuity and success.
Presentation Outline:
The Path to Ownership & The Mindset Shift
What it means to be a business owner, not just a lawyer
Overcoming the fears and challenges of ownership
Key skills for success as a law firm owner
Starting a Law Firm – Crafting a Business Plan for Success
The essential elements of a winning law firm business plan
Defining your niche, pricing structure, and financial strategy
Setting up operational systems for efficiency
Buying a Firm – What to Look for and What’s a Fair Deal?
Due diligence checklist: Clients, finances, brand reputation, and more
Understanding valuation and negotiation strategies
Transition planning: Retaining clients and staff post-purchase
Planning for Long-Term Success
Scaling your firm for growth and profitability
Succession planning: Building an exit strategy from day one
Monetizing your law firm as an asset for your financial future
60 Minutes
Becoming an Owner – Success Strategies for Buying or Starting a Law Firm
Darren P. Wurz, MSFP, CFP, CEPA
Course Number:9159
Credit Hours:
General Credit Hours:1