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For Immediate Release: September 8, 2005

It's a costly mistake so many lawyers make when it comes time to close their practice. After years of developing a lucrative client base, they underestimate the market value of their firms - and get far less cash than they deserve from prospective buyers.

But a new book by the nation's leading law management expert, Ed Poll J.D., M.B.A., CMC, makes it easier for attorneys to recognize the true market value of their practice so they can get top dollar for their lifetime of hard work.

Released in September 2005 by LawBiz^® Management Co., Selling Your Law Practice: The Profitable Exit Strategy is the first how-to book of its kind to take readers step-by-step through the complex maze of selling a law practice for a profit. It offers up-to-date and detailed information on state bar rules regarding the sale of a law practice, and covers every aspect of the sales process - from determining the value of a law practice to identifying and advertising to prospective buyers.

The book features insider strategies on how to negotiate for top price, as well as nuts & bolts information on tax and legal issues surrounding the sale of a law practice. The 412-page soft-cover resource also comes with an interactive CD-Rom so that attorneys can download paperwork essential to the sales and closing process - this includes financial worksheets, checklists, balance sheets, sample agreements, letters, and forms.

"Law is a profession, but lawyers have to act in a business-like manner," author Ed Poll says. "Enabling lawyers to join other professions such as doctors, accountants, and every other business activity in this country by selling their law practice permits the lawyer to protect his or her family by converting the economic goodwill of the practice into money before retiring. The alternative is to close the firm's doors, leave the clients stranded without a new lawyer, and walk away without realizing the financial benefit of the true value of the law firm."

Selling Your Law Practice: The Profitable Exit Strategy is the latest in a series of law firm management books and audio products created by Poll, a leading authority in the field of buying and selling law practices. His coaching, seminars, and writings have aided thousands of lawyers to become more effective with their clients, more efficient, and more profitable. Poll's firm, LawBiz^® Management Co. consults with and coaches lawyers and law firms throughout the United States, Mexico, and England.

For more information, please go to click here or call 1-800-837-5880.