Personal Injury Mastermind 93. Jeremy Poock, Senior Attorney Match — How to Successfully Plan your Succession
In many industries, acquisitions are a familiar route for those planning their retirement, yet when Jeremy Poock looked at the legal industry in the 2010s, he found the practice to be far less common. Instead, senior attorneys were more often opting to hand the kingdom keys over to an internal successor, or to shut up shop and divide up the clientele.
Adamant on ensuring senior attorneys receive the rewards they deserve, Jeremy set about researching how best to facilitate acquisitions for law firms, and in 2013, Senior Attorney Match was founded. The company helps attorneys with 30 plus years of experience to design and implement succession plans specifically tailored to suit their needs.
In today’s episode, Jeremy and I chat about the benefits of acquisitions, both to senior attorneys and to growing firms, as well as the intricacies that go into finding the right match.
What’s In This Episode- Who is Jeremy Poock?
- What are the succession options available to senior attorneys looking to step down?
- Why does Jeremy recommend seeking an acquisition as an exit strategy?
- How does the acquisition of a senior attorney practice benefit younger, growing law firms?
- What characteristics should a senior attorney look for in a buyer, and why are shared values so important?
- How can senior attorneys adapt and respond to developments in marketing strategies?
- Where can growing law firms look for practices to acquire?