Reason #4: The Quality of Life Benefits after Selling a Law Practice
The fourth reason to sell your law firm this year:
The quality of life benefits that Senior Attorneys & their families experience after selling a law practice
As Jeremy E. Poock, Esq. explains, when Senior Attorneys sell their practices to Growing Law Firms, they often continue practicing at those firms, which results in the following 3 major quality of life benefits:
No Payroll, No Rent Checks & No Need to Practice at the Office: By joining a Growing Law Firm, Senior Attorneys no longer need to “make payroll,” or worry about monthly rent.
Post-2020, Senior Attorneys can also practice remotely because they no longer need to “run the office.”Benefits of Practicing with Younger, Talented Lawyers: Growing Law Firms often have multiple attorneys with 5-10+ years experience to whom Senior Attorneys can transfer the trust of their clients and rely upon to capably represent their clients’ legal matters.
Spend More Time Outside of the Office: Upon joining a Growing Law Firm, Senior Attorneys can spend more time outside the office, including: (i) Spending more time with family; (ii) Finally going on a 3 week vacation; and (iii) Having the time to pursue the hobby that Senior Attorneys wish that they had time to do.
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