Most Internal Successors Cannot Afford to Purchase a Law Practice

As Jeremy E. Poock, Esq. explains, in reality, most Internal Successors are in their mid to late 40’s or in their 50’s.

If they're married and have children, they're thinking about college, and they have multiple, additional expenses, too.

As Poock states, “[T]o add on the expense of purchasing a law firm, most Internal Successors will eventually turn to the Senior Attorneys that they work with and say, ‘I'm sorry. I just can't afford to purchase this law practice.’"