Related Posts
10/06 Thread (BC):
AMC the next GME?
PwC 1 again, we are live at Craft 🍻
Additional Posts in Personal Injury Lawyers
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.




I represent solo and small law firms as outside General Counsel, I’ve got several client law firms with similar arrangements and it can be “win win” for a newer attorney and a retiring attorney BUT as you note you’re probably biting off more of the risk. I’d recommend a written general agreement outlining the relationship in addition to agreements for each case. DM me if you’d like to chat more, good luck!
Thanks!
Depending on your market standard I’d make sure to negotiate a better split. 50/50 is too high given overhead and risk you take on. What market are you in?
60/40 or 2/3 1/3. In your favor. You’re providing him a service/exit. I’ve done several of these deals in past year. But different market. It’s just that at 50/50, he makes out better than you.
Where'd you meet the retiring atty? Maybe im silly for this but when recruiters ask what I want, i tell them i am trying to meet a retiring lawyer to take over their busineds they love me but come up short haha.
Would love to know.
I suggest having an agreement where you discuss the split on a case by case basis. And that you discussed/cover with the split is going to be on expenses for each case, And the percentage of work each person is going to put into each case. And I would also have in the agreement that both parties need to have malpractice insurance at a certain amount.
So the attorney I work for has a really similar situation with an attorney who mentored him for years and years. I think I would try to negotiate a 60/40 split as that is the arrangement we have but other than that I think it is a great idea.