Can I Sell My Practice?

The LPM Department Closing a Practice, Law Practice Management

April 30, 2025Can I Sell My Practice?Written by Gregory W. Sampson and Rebekah Steely BrookerShare this PostWith the undeniable graying of our profession, more lawyers are facing retirement and, for some less fortunate, an unplanned early termination of their practice by disability, death, or other circumstances. This leads lawyers and their families to ask whether …

The Succession Planning Toolkit, 2nd Edition

The LPM Department Law Practice Management, Succession Planning

 |Succession PlanningThe Succession Planning Toolkit, 2nd EditionWritten byThe LPM DepartmentNovember 25, 2024Share this PostThis Succession Planning Toolkit provides the information lawyers need to successfully plan an easy transition from the practice of law. It is divided into four chapters, or steps, from simple to more complex. Although the Toolkit is designed so that information can …

Sudden Cessation of Practice and Custodianships

The LPM Department Law Practice Management, Succession Planning

 |Succession PlanningSudden Cessation of Practice and CustodianshipsWritten byThe LPM DepartmentNovember 20, 2024Share this PostTable of Contents TDRP 13 Custodian Guidance Client Files IOLTA Accounts Temporary Cessation Wrapping Up  Forms and Resources ⇚ Back The Mechanics of the Texas Rules of Disciplinary Procedure, Part XIII Cessation of practice procedure rests primarily on Texas Rules of Disciplinary …

Transition Planning

The LPM Department Law Practice Management, Succession Planning

 |Succession PlanningTransition PlanningWritten byThe LPM DepartmentNovember 20, 2024Share this PostTable of Contents Overview Sales Overview FAQs Rules & Practice Tips Buyer & Seller Checklists Traditional Succession Methods  Closing Your Practice Dissolving the Professional Entity Forms and Resources ⇚ Back The goal of transition planning is to enable you to achieve what you perceive to be …

Designating a Custodian Attorney

The LPM Department Law Practice Management, Succession Planning

 |Succession PlanningDesignating a Custodian AttorneyWritten byThe LPM DepartmentNovember 20, 2024Share this PostTable of Contents TDRP 13.04 Custodian’s Role Designation Portal Custodian Agreement Will & POA Text Checklist  Forms and Resources ⇚ Back Designating a custodian attorney is a great place to start. It is quick, easy, and immediately provides for transition if you suddenly cease …

File Management and Ensuring Password Access

The LPM Department Law Practice Management, Succession Planning

 |Succession PlanningFile Management and Ensuring Password AccessWritten byThe LPM DepartmentNovember 20, 2024Share this PostTable of Contents Rules & Ethics Practice Tips Fee Agreement Language Closing Files Password Access Checklist  Sample Policy ⇚ Back Managing accrued closed files can be a daunting task if an attorney has not employed file management or file retention and destruction …

Practice Tips on File Destruction

The LPM Department Closing a Practice, Law Practice Management

 |Law Practice ManagementPractice Tips on File DestructionWritten byThe LPM DepartmentOctober 21, 2024Share this PostIntroduction In Texas, there is no bright line rule that states when a client file can be destroyed. Thes practice tips are based on the Texas Disciplinary Rules of Professional Conduct and the guidance provided in a few ethics opinions. Applicable Rules …