Providing sufficient retirement benefits for law firm partners
Law firms must plan carefully to provide sufficient retirement benefits to key partners. As senior partners look to retire and give up their equity, younger partners must ensure the firm has a viable plan in place to fund partner retirement benefits. A lack of retirement planning can severely limit a firm’s succession plan. Unfunded plans require an inefficient and expensive “pay as you go” approach and are not protected from the firm’s creditors. If left unaddressed, this often creates a silent... Читать дальше...