Looking to Transition Your Law Firm?
Look no further. Whether you are hoping to close your practice or sell it, you'll find resources here to get you started.
Retiring
The decision to retire and close down your practice is never easy.
When it comes to retirement, a succession plan serves as the blueprint for transitioning the future of your practice, addressing any financial concerns and ensuring that your clients will be protected.
Here are some forms to get you started:
Other Resources:
NWLawyer, page 48 (now known as Washington State Bar News) | Early Retirement Bucks Trends, Brings Challenges
American Bar Association | Buying, Selling, or Closing a Law Practice
Lending Library
Check out books on practice transitions for free. Learn more.
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Closing Your Practice
Perhaps you've taken a new job, or maybe you're choosing a new career path. Regardless of your reasons for closing down your practice, we have resources to help.
Other Resources:
American Bar Association | Buying, Selling, or Closing a Law Practice
Law Practice Division | Closing a Solo Practice: An Exit To-Do List
Closing Another Attorney's Office?
If you are seeking resources on closing the practice of an attorney who is suddenly deceased or incapacitated, please contact us.
Also check out the Checklist for Closing Another Attorney's Office.
Selling Your Practice
Looking to sell your practice? Below are three opportunities to post your practice and get the word out to members interested in buying your practice.
Practice Transition Opportunities
Post your practice for sale at the WSBA Career Center.
Washington State Bar News Magazine
You can also purchase ad space in BarNews.
ALPS Attorney Match
Bringing a solution to connect attorneys with other attorneys, promoting mutually beneficial mentoring and business relationships. Sign up today.
Other Resources:
American Bar Association | Buying, Selling, or Closing a Law Practice
American Bar Association | ABA Formal Opinion 468: Facilitating the Sale of a Law Practice
American Bar Association | Valuing and Selling a Firm Takes Time, Matchmaker Skills
American Bar Association | Ethics opinion: It’s OK to ‘Practice' after Selling a Law Practice to Assist in the Transition
Washington State Supreme Court | Rules of Professional Conduct 1.17, Sale of Law Practice
Acquiring a Practice
As your practice continues to grow, you may consider expanding your practice by acquiring an existing practice from another attorney and incorporating the book of business into your work. Below are some resources to help you find a practice for sale.
Practice Transition Opportunities
Check out the WSBA Career Center for practices that are posted for sale.
Washington State Bar News Magazine
You can also review ads in the latest issue of BarNews.
ALPS Attorney Match
Bringing a solution to connect attorneys with other attorneys, promoting mutually beneficial mentoring and business relationships. Sign up today.
Receive Personalized Advice
Members of the WSBA are eligible for free, 30-minute confidential consultations by phone. Find out more about WSBA consultations.
