NJSBA Family Law Section

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Structuring the Retirement Path for Baby Boomers and Providing for a Smooth Transition of Clients | Nov. 29 | Webinar

  • 1.  Structuring the Retirement Path for Baby Boomers and Providing for a Smooth Transition of Clients | Nov. 29 | Webinar

    Posted 11-13-2018 04:11 PM
    Hello Family Law Section members,

    On Thursday, Nov. 29, NJICLE will present a webinar from 12 to 1:40 p.m. ET titled Successful Law Firm Management: Structuring the Retirement Path for Baby Boomers and Providing for a Smooth Transition of Clients.

    NJICLE is pleased to offer this cutting-edge webinar in our Successful Law Firm Management series. Join us during lunch on November 29, 2018 for insight on considerations involving the retirement path for superannuated firm members.

    - When is it time to call it quits?
    - What should a firm consider in determining whether to say goodbye or provide for something in between?

    Register today to learn current strategies and tactics that have been developed and implemented by firms to arrange for the successful structuring for retirement while providing for a smooth transition of clients.

    FACULTY
    Featuring:
    Joel A. Rose
    President and Certified Management Consultant
    Joel A. Rose & Associates, Inc., Management Consultants to Law Offices, Cherry Hill.
    With practitioners' insight from:
    Ellen C. Marshall, Esq.
    Retired Lawyer
    Manzanita, Oregon
    Rhonda R. Feld, Esq.
    Sherman, Silverstein, Kohl, Rose & Podolsky, PA,
    Moorestown, Egg Harbor Township, Bala Cynwyd, PA
    Peter R. Spirgel, Esq.
    Distinguished Leaders Award Recipient, New Jersey Law Journal, 2017
    Selected to Best Lawyers in America®,
    Closely Held Companies and Family Businesses Law, 2015 – 2017
    Named to the "Legal Elite" list by SmartCEO Magazine, 2011
    Chairman of the Board, Flaster Greenberg, Cherry Hill and Princeton

    Topics Include:
    • When is it time to "call it quits?"
    • Should a firm have a mandatory age for retirement with no exceptions? (Is it an option?)
    • Gradual Retirement?
    • Expectations of a partner during gradual retirement
    • Approaches for dealing with superannuated partners who may not believe it is time to retire
    • Importance of providing for succession planning and growing young talent
    • Setting compensation of a retiring partner to align with: transitioning clients, fee producing hours, billing and collection responsibilities
    • Changing the status and title of a retiring partner: Non-equity partner, Of Counsel, Senior Counsel, Consultant
    • Structuring financial arrangements with a retiring partner: client origination, billing responsibilities, etc.
    • Providing for the orderly succession of clients and firm management
    • Providing continued benefits to the retiring partner-how much and for how long?
    - Office space/administrative support
    - Medical insurance
    - Malpractice insurance
    • Embracing retirement- making retirement even better than imagine

    CLE Credits:
    NJ CLE information: This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 2.0 hours of total CLE credit.
    NJ CLE: This program is presented as an alternative verifiable learning format, and has been approved for 2.0 credits (50 minute hour)
    PA CLE: 1.5 substantive credits pending ($8 fee – separate check payable to NJICLE must be submitted at the end of the program)
    NY CLE (nt): 2.0 practice management credits
    Please note: In order to receive credits, you must be logged in promptly and remain active throughout the program.

    The general tuition for the webinar is $125.

    Click here to register for Successful Law Firm Management: Structuring the Retirement Path for Baby Boomers and Providing for a Smooth Transition of Clients.
    Click here for a form to register.
    Click here for a form to register a group.
    For questions or to register by phone, please contact an association representative at 732-214-8500.

    All the best,
    Barbara

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    Barbara Straczynski
    Director of New Media and Promotions
    New Jersey State Bar Association
    New Brunswick NJ
    (732) 937-7524
    [email protected]
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