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Webinar Exit and succession planning: avoiding crises when partners leave the firm

Arguably the most difficult and the most important issue for the current custodians of a firm is the thorny issue of partner succession, along with the issues that flow from partners joining and leaving the practice. In this webinar we will hear from two very experienced practitioners – one a Chartered Accountant, the other a solicitor - who have extensive practical experience of these issues, both as advisors and as partners in firms.

Webinar
£70.00
Quantity
Free delivery for UK
In Stock
Published:
ISBN/ISSN: Z000050737927

Product description

Arguably the most difficult and the most important issue for the current custodians of a firm is the thorny issue of partner succession, along with the issues that flow from partners joining and leaving the practice. In this webinar we will hear from two very experienced practitioners – one a Chartered Accountant, the other a solicitor - who have extensive practical experience of these issues, both as advisors and as partners in firms. The topics that will be covered will be based on a case study and will include:

  • What a firm may be worth
  • How goodwill may be valued and how it interacts with contingent Work in Progress
  • The capital structure of a firm distinguishing between Fixed capital, current accounts and external and personal bank borrowing
  • How a point system for ownership works
  • How to ensure fairness between partners both in equity ownership and profit sharing
  • A model on which to base a profit sharing regime and when it might be applicable
  • What criteria to adopt when appointing partners and how to meet new partner expectations
  • Key elements of a members/shareholders agreement
  • How SIPPS can be used to ease succession relating to the ownership of practice premises

Viewing this webinar will help solicitors to meet the following requirements set out in the Statement of solicitor competence:

  • A2 - Maintain competence and legal knowledge.
  • A4 - Draw on detailed knowledge/understanding.

For further details on the Statement of solicitor competence, visit the SRA website.


Please allow up to 2 working days from placing your order to receiving email confirmation of your access to this webinar.

If you are purchasing this webinar on behalf of someone else then please email webinars@lexisnexis.co.uk to confirm the name and email address of the individual who will be taking the training.

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