Law Practice Management |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 …
Law Practice Management |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 …
Law Practice Management |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 …
Law Practice Management |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 …
Law Practice Management |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 …
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. …
Designating a custodian isn’t just for emergencies; it’s good business. It protects the value of your practices, ensures continuity of care, keeps your clients safe, and spares your loved ones from the needless legal and financial confusion that could arise.
Law Practice Management |Law Practice ManagementChecklist for Closing Your Own Practice Without a SuccessorWritten byThe LPM DepartmentSeptember 20, 2024Share this PostIt is important to create a transition plan with a timeline for closing your practice when you do not intend to sell your practice or transfer it to a successor attorney or firm. The following checklist …
Law Practice Management |Maintaining a PracticeAlternative Fee ArrangementsWritten byThe LPM DepartmentMay 13, 2024Share this PostNotes: In addition to the legal ethics considerations listed in the table, see Texas Disciplinary Rules of Professional Conduct, Rule 1.04 regarding fees and Rule 5.04 regarding fee sharing. Other than a true nonrefundable retainer agreement, which are relatively rare, any fees …
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