Firms use a wide variety of plans to buy out retired partners. But are the plans effective? Are the partners happy with the plan?

We do extensive work with firms in the partner retirement and succession planning area. Our approach is a blend of two techniques:

First, we show you alternative approaches, based upon our experience with other firms as well as what we think will work for your firm.

Second, we help the partner group develop a consensus for the type of plan they think is fair and would be comfortable with.

Here is how we work:

1. We review financial and production statistics.
2. We conduct confidential interviews with each partner.
3. We prepare several alternative plans for your firm to consider.
4. We present our suggestions to the partner group.
5. We facilitate discussion to select a plan.
6. We conclude with a written report.