The American Lawyer interviews David Perla on how legal finance supports law firm succession planning
- Law firm equity
The American Lawyer speaks with Vice Chair David Perla about the role of legal finance in law firm succession planning.
In the article, Perla says: “One of the reasons people use [management services organizations or MSOs] is to figure out how to ...transition a firm, particularly where you’ve got a couple of equity owners at the very top...Effectively, they want to know when they retire, they still have some equity value even without necessarily being partners in the law firm.”
Read the full article here.