The 4 Reasons Why Internal Successors Do Not Want to Purchase Your Law Practice

In this Livestream rebroadcast, Senior Attorney Match’s Jeremy E. Poock, Esq. and Scott R. Loring, CPCC discuss the following 4 Reasons Why Internal Successors Do Not Want to Purchase Your Law Practice:

1. Internal Successors prefer remaining as key employees rather than succeed to owning a Senior Attorney’s law practice.

2. Internal Successors lack the business experience to operate and manage Senior Attorney’s law practice.

3. Internal Successors lack the entrepreneurial experience to maximize the Trust Transfer opportunities that succeeding to a Senior Attorney’s law practice presents.

4. Internal Successors lack the capital to purchase a Senior Attorney’s practice.

By contrast, Growing Law Firms want to purchase a Senior Attorney’s practice for the following 3 reasons:

1. Growing Law Firms want and need Senior Attorneys and their key employees

2. Growing Law Firms have the ability to maximize the 1 + 1 = 7 Business Development opportunities that Senior Attorneys present to their successors.

3. Growing Law Firms present the less risky pathway for Senior Attorneys to sell their law practices