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Small Business Succession Planning Strategies


In America, there are more than 10 million small business owners. Many business owners are going to have to decide when will be the right time to step out of the business and how you'll do it. There are many estate planning tools business owners can use to transfer their business. Selecting the right one will depend on whether business owners plan to retire from the business or keep it until they die. If the business owner has partners it can be one of the most important decisions a business owners will make.

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Prepping an Expert: How Far Is Too Far?

At what point does preparing an expert to testify cross over into coaching? And at what point does coaching cross the line into unethical activity? One legal scholar called witness coaching the dirty secret of the U.S. adversary system. (read more)

Marketing Your Practice in a Recession

In this nervous economy, it's important to rethink (and revise if necessary), your personal marketing strategy. (read more)

Hiring Experts You Don't Plan to Use

Do lawyers ever retain experts just to lock them out from being hired by the other side? If so, is the tactic fair play in the hardball game of litigation? Or are lawyers who would do this, as one court suggested, short on scruples? (read more)

The Role of Benefits in Your Law Practice

Downsizing and outsourcing have strained the once solid relationship between employers and employees, and created a more mobile, more fluid workforce. At the same time, demographic shifts have made it harder for law firms to recruit and retain the best workers. More than ever, American businesses are facing the realities of a destabilized workforce - and many law firms are struggling to adapt. (read more)

Asian Acquisition of Yahoo!?

"Who's going to buy Yahoo!?" has been dominating water cooler talk across Silicon Valley. Here's one you may not have heard: acquisition by an Asian entity. It's an interesting scenario, but could it actually happen? (read more)

Junior Associate Woes

The legal profession is in the midst of a fundamental change, according to inside observers. Critics of the status quo insist that aging law firm structures are no longer serving the best interests of clients or new generations of lawyers. In support of this conclusion, analysts point to record numbers of junior associates departing traditional firms in search of meaningful alternatives. (read more)

Client Driven Innovation in Legal Services

Innovation in the legal services industry is frequently driven by client demand. Over the years, large corporate clients, in particular, have had a substantial impact on the way law firms handle core matters, such as billing and staffing. Recently, large clients have established new varieties of financial and practical requirements that legal service providers must meet to ensure continued patronage. (read more)

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