Senior Attorney Match Podcast

21st Century Lending Options for Trial Attorneys and Law Firms - An Interview with Ari P. Kornhaber, Esq. of Esquire Bank

In this podcast, Ari. P. Kornhaber, Esq., co-founder of Esquire Bank, talks about the challenges lawyers face when lawyers seek to and grow their practice using external financing. The lending options available to law firms today are vast and often confusing with terms and conditions often hidden in the detail. Ari explains these real-world law firm lending options available to lawyers in simple ‘non-financial’ terms, helping law firms compare the different options available. Ari also explains that one of Esquire Bank's core differentiators is that Esquire understands that a law firm’s cases are its most valuable asset and one that Esquire uses when valuing a law firm and providing capital for growth.

Episode 1. 3 Biggest Risks for Waiting Too Long to Implement a Succession Plan for Your Law Practice

In this episode, Scott Loring of Cooperative Coaching and Mediation and Jeremy discuss the 3 biggest risks for Senior Attorneys who wait too long to implement a succession plan for their law practices. The 3 biggest risks are: (1) The increasing unlikelihood that new clients will retain you because clients seek lawyers who will represent them for 5+ years; (2) The increasing risk of an unexpected physical or mental ailment that can end a lawyer’s career; and (3) The unexpected departure of a partner or long-time associate whom you expected to succeed to your practice. Each of those risks negatively effect the value of law practices. Jeremy and Scott discuss how Senior Attorneys can plan for avoiding these risks, including the value of Senior Attorney Match’s Next Step Workshop. We also discuss how to know whether a senior associate or partner actually can succeed to your practice. And, we discuss how growing law firms present the winning combination that clients seek, namely, combining the experience and know how that Senior Attorneys offer with the long-term relationship with their attorneys that growing law firms provide.