2025 Don't become a vampire! Good relationships and acquiring another attorney's practice

This program was originally presented at our 2025 MOSOLO Small Firm Conference, June 5-7, 2025

You've spent your career crafting a legal legacy that’s alive and thriving. But when the time comes to step away from your practice, how do you ensure it doesn’t become a ghost town… or worse, fall into the hands of a reputation-draining vampire?

This session explores how to keep your recently-sold or freshly-acquired practice from joining the legions of the undead. Whether you're a seasoned attorney looking to pass the torch or the brave soul stepping into a well-established role, this CLE will help you avoid the pitfalls that haunt small firm acquisitions. Learn how to build trust, preserve client relationships, and ensure that both parties walk away with a stake in a successful future — without any bloodsucking surprises.

Learning objectives:

• Identifying a buyer/seller.
• Valuing the business.
• Sources of funding.
• Agreements to Consider.

Speaker: T. Nikki Mitchell, Elder Law St. Louis, St. Louis

Opinions and positions stated by presenters of MoBarCLE programs are those of the presenters and not necessarily those of The Missouri Bar. This program is intended as information for lawyers in Missouri, in conjunction with other research they deem necessary, in the exercise of their independent judgment.

Note: This material qualifies for self-study credit only. Pursuant to Regulation 15.04.5, a lawyer may receive up to six hours of self-study credit in a reporting year. Self-study programs do not qualify for GAL Certification, ethics, elimination of bias, or Kansas credit.