For law firms, succession is a fact of life: founding partners retire, rainmakers depart, and in the meantime, client relationships must be preserved. Passing the Torch without Getting Burned: A Guide to Law Firm Retirement and Succession Planning is a comprehensive examination of the key economic issues typically encountered by law firms when they consider how partners end their careers, as they inevitably must. Peter Giuliani, an experienced law-firm management consultant, illustrates common retirement issues and their resolutions through "real life" case studies from his years of consulting experience. This book will help you:

 •  Understand the basic economics of retirement and succession planning

 •  Take care of founding partners upon their retirement

 •  Bring new partners into the firm

 •  Select a retirement plan that's best for your firm--and make it affordable for employees

 •  Weigh the costs and benefits of mandatory retirement

 •  Consider "emeritus status" alternative retirement plans

 •  Integrate compensation plans with retirement policies

 •  Think about selling your law firm

 •  Understand special considerations for contingency-fee practices

Passing the Torch without Getting Burned: A Guide to Law Firm Retirement and Succession Planning also includes retirement policy forms and sample language for partnership agreements.