Succession planning is a critical process for ensuring the continuity of long-term success for your firm.
Whether you are planning for retirement, preparing for unexpected emergencies, or looking to buy, sell or merge, this page provides essential resources and guidance tailored to solicitors at every stage of the journey.
Buy Sell Merge
If you are interested in buying, selling or merging your practice, or sharing facilities, check out the Law Society's Buy Sell Merge facility.
The Legal Services Excellence Standard (LSES) can help you tp prepare your firm.
Neal Morrison explores approaches to valuing a legal firm in the Gazette.
Read a helpful leaflet on regulatory and other considerations when setting up a partnership.
Practice guidance
A useful Practice Note provides guidance on the Succeeding Practice Rule and its impact on Professional Indemnity Insurance (PII).
Case studies offer invaluable insights into the challenges and successes the law firms experience during the succession planning process. In this section, we share detailed examples of navigating retirement, emergency succession planning, mergers and Cessations.
Additionally, we provide an overview of the regulatory requirements that must be considered when implementing a succession plan. Explore these case studies and regulatory insights to ensure that your firm's succession plan is both effective and compliant.