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Event Details

Buying or Selling a Law Practice - Fall 2014 LPM CLE Program

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Wednesday, September 10, 2014
9:00 AM - 11:00 AM Eastern Daylight Time
$75 Members | $175 Non-Members
CLE Program and Live Webcast
Wednesday, September 10, 2014 | 9:00 a.m. – 11:00 a.m. | White Plains
2.0 MCLE Ethics Credits 
Sponsored by the Law Practice Management Committee and the Committee on Continuing Legal Education of the New York State Bar Association
Program Location
BNY Mellon | 701 Westchester Avenue | White Plains, NY 10604
Overall Planning Chair
Nat Wasserstein, JD, MBA, CFE, Lindenwood Associates, LLC
Deborah Scalise, Esq.Scalise & Hamilton, LLP
Robert L. Ostertag, Esq., Ostertag O’Leary Barrett & Faulkner
Howard Fielstein CPA/ABV/CFF, CFE, CIRA, CTP, ASA, CitrinCooperman
Jennifer C. Friedman, Esq., Pace Law School, Public Interest Law Center

8:30 a.m.                          Registration & Continental Breakfast
9:00 a.m. – 9:10 a.m.      Welcome and Introduction
9:10 a.m. – 9:35 a.m.      Winding up a Law Firm
                                                    - No Reason to Die at Our Desks
                                                    - Your Clients’ Interests
                                                    - Designating an Assisting/Closing Attorney
                                                    - OCA Oversight/Administrative Board
                                                    - Trust Accounts
                                                    - Should You Plan for Your Death
                                                    - Liability, Asset (What is your Law Practice?)
9:35 a.m. – 9:55 a.m.      Buyers and Sellers
                                                    - Motivation (Voluntary or Involuntary?)
                                                    - Ethical Concerns for Both Sides
                                                    - Duty of Competency
                                                    - Secrets and Confidences
                                                    - Due Diligence
                                                    - Conflicts
                                                    - Non-Competes (must be reasonable)
                                                    - Notification
                                                    - Caveat Emptor
                                                    - Client Transition Plan 
9:55 a.m. – 10:20 a.m.      Valuing a Law Firm                      
                                                    - Book value, Market Value, and Goodwill
                                                    - Problem with Comparable Sales
                                                    - Rules of Thumb – there is none
                                                    - Taxonomy Problem
                                                    - Practice v. Professional Goodwill
                                                    - Cash-Flow and Client Retention
10:20 a.m. – 10:45 a.m.     Going Solo: Starting Up or Buying In?
                                                     - Law Firm Incubators
                                                     - Residency for Law School Grads
                                                     - Mentor/Mentee 
                                                     - Practice Transition Opportunities
                                                     - Sample Deal 
10:45 a.m. – 11:00 a.m.     Question and Answer Session
Learn more about Law Practice Management resources | www.nysba.org/LPM
Registration: 8:30 a.m. Program: 9:00 a.m. - 11:00 a.m.
This course has been approved for all attorneys, including those who are newly admitted (less than twenty-four months). Newly admitted attorneys must attend the program in person to receive New York MCLE credit.
701 Westchester Avenue
BNY Wealth Management
White Plains, NY 10604
Online Registration has closed, to register please contact the State Bar Service Center at 1-800-582-2452

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