Appointing new partners and transmitting business (and equity) are essential stages in the life of a firm.
JENSEN & SCHWEBLIN assists lawyers, law firms and other regulated professionals in these key moments.
JENSEN & SCHWEBLIN assists its clients in defining the criteria for partnership, presenting a motivating project to the prospective partner and determining the terms of the partnership.
For a firm structured as a corporate entity, this will involve transfers of shares. JENSEN & SCHWEBLIN advises its clients on how to structure these transactions so that they are attractive to both the transferor and the new partner.
The end of a career can take the form of the sale of a business or shares in a company.
JENSEN & SCHWEBLIN knows that the key to a successful transfer is anticipation.
JENSEN & SCHWEBLIN helps its clients to plan and complete the transfer of their practice.
Areas of expertise
- Terms and conditions of partnership
- Criteria for promoting associates to partnership
- Partnership offers
- Structuring of equity and non-equity partnerships
- Setting up equity acquisitions through holding companies
- Career paths within the firm
- Associate appraisal procedures
- Associate status
- Evolution of the partnership
- Transmission strategy
- Anticipating the transition
- Valuation
- Transmission agreements, progressive transmissions
- Transfer of clients
- Sales of professional firms
- Implementation of the sale
- Structuring, LBOs, OBOs
- Taxation of the sale
- Client transitioning agreements