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Law Firm Life Cycle Unpacked: Ethical Exits & the Equity Trap

Law Firm Life Cycle Unpacked: Ethical Exits & the Equity Trap

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Ever drafted the “I’m out” email and saved it as “send after bonus”? In this episode, Jonathan Hawkins returns to talk about the messy middle of law firm life: when to leave, how to leave without stepping on landmines, and how to know if “partner” is a leap or a leash. We get into the kitchen-table talk at home, what you can and can’t say to clients before you give notice, and the quiet costs of equity that no one puts in the brochure.

We also dig into the parts owners whisper about: slowing down departures without playing games, conflict waivers when friends want to be partners, when to update the partnership agreement, and what M&A really looks like for smaller firms, especially in PI. If you’re plotting an exit or trying to keep your team from plotting theirs, this one will feel familiar and useful.

Jonathan’s new book, The Law Firm Life Cycle, is our guide throughout, with simple checklists and plain-English frameworks you can use the minute the episode ends.

Connect with Jonathan:
  • Book: The Law Firm Life Cycle: Counsel for Every Stage of Your Law Firm’s Journey — Paperback ISBN-13: 9781964046808 (Amazon paperback: https://www.amazon.com/dp/1964046807
    • Kindle: https://www.amazon.com/dp/B0FT3K1WMY
    • B&N: https://www.barnesandnoble.com/w/1148475106
  • Book landing page: https://www.lawfirmgc.com/law-firm-life-cycle/
  • Website: https://www.lawfirmgc.com/
  • LinkedIn: https://www.linkedin.com/in/jonathan-hawkins-law-firm-general-counsel/

If this episode sparks a decision, start with the book chapter on planning your exit, then replay the section on client communications and do the kitchen-table talk tonight. Your future self will thank you.

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Brian Glass is a nationally recognized personal injury lawyer in Fairfax, Virginia. He is passionate about living a life of his own design and looking for answers to solutions outside of the legal field. This podcast is his effort to share that passion with others.

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