Partner Retirement in Law Firms: Strategies for Partners, Law Firms and Other Professional Services, Second Edition

In this 2025 edition, edited by partnership and employment specialist Ronnie Fox, expert contributors offer up-to-date guidance to navigating the difficult aspects of retirement in the broad context of career planning It’s encouraging to see the subject of retirement being discussed more openly...What sets this book apart is its focus on an area rarely covered elsewhere: the tax and accounting process at the end of a partner’s career... This book highlights the issues and provides useful checklists to help reduce the risk. But it also reminds us that partners may have another 10, 20 or even 30 years of meaningful engagement with business and society. They can be ambassadors, mentors, and catalysts for change. Partner Retirement in Law Firms: Strategies for Partners, Law firms and Other Professional Services by Ronnie Fox is a necessary read for all of us. Retirement can be sudden, brutal and unexpected so we need a book like this to advise us. Lawyers are often excellent at supporting clients but not always as good at advising themselves. The book looks at retirement from the firm’s perspective, the individual concerned, accounting and tax consideration, financial aspects and what’s next after retirement. Sooner or later, in one way or another, it comes to us all. The realisation that you are no longer a “teen-age whizz kid” but have reached the end of your professional career can be painful in the extreme. Among other uses, this book helps to alleviate the pain & demonstrates that there is life after partnership. It is essential reading for those reaching the end of their professional careers & should be on the shelves of every law firm library as a guide to terminating partners’ tenure in the most civilised way possible. “BE nice,” the book urges but Ronnie Fox, its editor, can testify from his own long professional career how many relationships end nastily.The second edition of this invaluable book deals with changes in the law especially on the tax front since it first appeared. It can & should be read from end to end initially & also used as a valuable work of reference. In that connection, an index would be helpful. There is a considerable difference between the technical chapters which are packed with detailed information for the point of view of the firm on the one hand & the outgoing partner on the other, as against the more general ones dealing with psychology, investment & subsequent careers. This difference in pace makes the book far more interesting than the standard legal text book. Ronnie Fox is to be congratulated for seeing the gap in the market & filling it so effectively. Most professionals, especially those who own all or part of their firm, find it difficult to think about retirement. Many of those who practise their chosen profession into their sixties and seventies are reluctant to contemplate life without the mental stimulation, companionship, excitement and sense of fulfilment that their work provides. To a great extent, we are what we do; winding down raises questions about self-esteem and our value to society. Professional life increasingly conditions us to place the interests of clients, customers and colleagues so far in front of our own interests that personal and family issues are sometimes neglected, creating additional challenges.With these challenges in mind, Partner Retirement in Law Firms encourages proactive retirement planning. In this 2025 edition, edited by partnership and employment specialist Ronnie Fox, expert contributors offer up-to-date guidance to navigating the difficult aspects of retirement in the broad context of career planning, including:the financial consequences of retirement;legal matters;day-to-day practicalities;accounting and tax;psychological considerations; andnew activities in retirement.The key to successful retirement is asking the right questions and using the answers to create a plan. Partner Retirement in Law Firms provides both individual professional partners and HR teams with a practical guide to making the transition from professional to retired life seamlessly and with minimal stress.

• | Author: Ronnie Fox
• | Publisher: Globe Law and Business Ltd
• | Publication Date: Aug 08, 2025
• | Number of Pages:
• | Language:
• | Binding: Paperback / softback
• | ISBN-13: 9781837231256
• | ISBN-10: 1837231257