"Life After Law" – New LawBiz® Management Book Provides Guidance to Lawyers Seeking Successful Transition From Law and Into New Endeavors
LOS ANGELES, CA – April 29, 2013 – Nationally recognized legal management expert and author Ed Poll today announced the release of his latest book, Life After Law: What Will You Do With The Next 6,000 Days? (LawBiz Management, 2013). The new book offers advice and guidance to attorneys who are considering transitioning out of their law practices and successfully moving into new endeavors—which Poll refers to as their “second season.”
Filled with practical advice to guide lawyers through the decision-making and transition process, the book offers insights on a wide range of topics, such as exiting from a multi-partner firm, retiring from a solo practice, transitioning clients and rainmaking responsibilities, and strategizing the sale or closure of a practice, among many other important considerations.
“I realized the need for this book, because I have personally dealt with many of the questions that successful Baby Boom-era lawyers are now facing, including ‘What comes next after a rewarding career in law?’ and ‘How can I monetize the value of a thriving law practice?’” said Poll. “Like many of my compatriots, I realized I wasn’t ready for traditional retirement. Instead, I wanted to find a way to contribute, to build a legacy—to have a fulfilling life after law. This book details all of the key considerations that attorneys need to weigh in order to make the transition with confidence.”
According to the Employee Benefit Research Institute’s 2012 Retirement Confidence Survey, Americans’ confidence in their ability to retire comfortably is stagnant at historically low levels, with only 14 percent feeling very confident they will have enough money to live comfortably in retirement. Many lawyers do not fare much better. With an estimated 400,000 lawyers planning on retiring in the next ten years—and 50% of lawyers earning less than $100,000 annually—a law practice is the most valuable asset for many lawyers reaching retirement age.
“Ed Poll’s Life After Law provides cogent and thoughtful insights into strategies for transitioning to a new phase after completing a career in practicing law,” noted Murray B. Greenberg, president of the National Organization of Bar Counsel. “It is a vital resource for anyone who is planning for retirement, with enlightening reflections on winding down the practice and preparing for the future. It should be read by all attorneys, even those not necessarily thinking of retirement, as there is valuable information on preparing for the unforeseen events that can incapacitate an attorney’s ability to manage his or her practice.”
“Whether you have spent decades in the legal profession, or entered it as a second or even third career, transitioning out of a law practice takes a good deal of thought and action,” commented Avarita L. Hanson, executive director of the Chief Justice’s Commission on Professionalism (Georgia Bar). “This book gives lawyers a roadmap to take the next steps, with stops along the way that we can consider as well. Life After Law fills a gap in career advice literature by telling lawyers what is necessary and advisable to personally and professionally transition out of the practice. It is essential information for all generations of lawyers.”
Ed Poll is a nationally recognized law practice expert and author who has consulted to lawyers and law firms in strategic planning, profitability analysis, and practice development for over 20 years. The recipient of the California State Bar's Law Practice Management and Technology (LPMT) first Lifetime Achievement Award—named after him—Poll has authored 20 books, CDs and DVD collections on running a profitable law practice.
Published by LawBiz® Publishing company, the new 225-page book is priced at $49.00, but is available through LawBiz Management for the special pre-publication price of $25 at the LawBizStore.com until May 15, 2013. The hardcopy book is available now on Amazon.com and will be offered in an eBook edition in May.
About Ed Poll
Ed Poll, founder of LawBiz Management, is a nationally-recognized expert in law practice management. He helps attorneys and law firms increase their profitability by consulting with them on issues of internal operations, business development, and financial matters. Poll brings his clients a solid background in both law and business. He has 25 years’ experience as a practicing attorney, and has also served as CEO and COO for several manufacturing businesses. In 2010, he received the first ever Lifetime Achievement Award from the California Bar Association’s Law Practice Management and Technology Section.
Poll is the author of numerous publications that have become the definitive works in the field, including 20 books, CDs and DVD collections. His newest offerings are Secrets of the Business of Law (2nd edition) and The Profitable Law Office Handbook: Attorney’s Guide to Successful Business Planning (both LawBiz Management, 2012). He has also authored books on business planning for attorneys, improving collections, buying and selling law practices, disaster preparedness and recovery, and exit strategies for legal practitioners. His offerings are available at LawBizStore.com.
Poll is a columnist for several publications geared to the legal community, including the Massachusetts Lawyers Weekly and Legal Management, and hosts regular teleseminars for lawyers. He is also a fellow of the College of Law Practice Management. Poll earned BS and JD degrees from the University of California, Los Angeles, and an MBA from the University of Southern California.
About LawBiz Management
LawBiz Management is the nation’s leading firm dedicated to managing the Business of Law®. The company focuses on helping lawyers reach their goals and law firms improve their practices by increasing revenues, improving profits, and reducing the stress of the practice experienced by lawyers. Among the services offered are coaching, consulting, speaking and managing firm retreats. LawBiz Management also consults on the buying and selling of law practices.
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"Through Ed's invaluable coaching and no-nonsense approach, he enabled me not only to stay employed at the firm, but to make partner and have a future with the firm."
JM, Los Angeles, CA