The Succession Planning Toolkit, 2nd Edition

Succession Planning |Succession PlanningThe Succession Planning Toolkit, 2nd EditionWritten byThe Law Practice Management 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 …

Sudden Cessation of Practice and Custodianships

Succession Planning |Succession PlanningSudden Cessation of Practice and CustodianshipsWritten byThe Law Practice Management 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 …

Transition Planning

Succession Planning |Succession PlanningTransition PlanningWritten byThe Law Practice Management 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 …

Designating a Custodian Attorney

Succession Planning |Succession PlanningDesignating a Custodian AttorneyWritten byThe Law Practice Management 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 …

File Management and Ensuring Password Access

Succession Planning |Succession PlanningFile Management and Ensuring Password AccessWritten byThe Law Practice Management 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 …

Practice Tips on File Destruction

October 21, 2024Practice Tips on File DestructionShare 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 and Ethics Opinions Ensure that …

Checklist for Closing Your Own Practice Without a Successor

Checklist for Closing Your Own Practice Without a SuccessorIt 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 outlines some of the issues to address when creating your plan …

Succession Planning: What Does a Custodian Attorney Do? [VIDEO]

Succession Planning: What Does a Custodian Attorney Do? [VIDEO]About the VIDEO Host Greg Sampson is a Board-Certified Estate Planning and Trust Attorney. He is a Member at Gray Reed & McGraw, P.C. and is the 2023-2024 Law Practice Management Committee Incoming Chair.Greg focuses his practice on the areas of estate planning and administration. He has …

A Closer Look at the Succession Planning Toolkit [VIDEO]

A Closer Look at the Succession Planning Toolkit [VIDEO]About the VIDEO Host E. Steve Bolden is the chair of the State Bar’s Law Practice Management Committee. He is also partner at Locke Lord in Dallas, TX.Steve Bolden (Chair of the State Bar of Texas Law Practice Management Committee) highlights the Succession Planning Toolkit and the …