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Login to watch this video if you have a subscription. Learn more about subscriptions.All good things come to an end. This nutshell program focuses on several aspects of life after law. It explores the issues of what are you going to do with your practice (sell it, wind it down or leave it to a successor), what are your obligations to and requirements of the LSO.
Our panel of practitioners and experts from various backgrounds will cover the following considerations that are essential for every lawyer who is winding down their practice:
Please join us as our expert panelists discuss these important and inevitable issues.
Contingency planning/ Closing down a legal practice or law firm (Catherine Phillips): Get the LSO’s perspective on how to best plan for the future.
Risk management best practices/ Closing down a legal practice or law firm (Mark Harendorf): The accounting side of things, including tax considerations, valuating the practice and setting it up for a sale
Mark has been practising accounting for over 30 years and is a principal in the firm HSM LLP located in Markham, Ontario. Mark services a wide variety of clients in many arears of business. A large majority of his clients are professionals, i.e. doctors, lawyers, dentists, pharmacists and other self-employed service providers.
Mark’s clientele includes a fair number of baby boomer clients who are selling, retiring and/or transitioning out from their businesses.
Catherine Phillips is Senior Counsel and the Assistant Manager of the Trustee Services department at the Law Society of Ontario. Catherine has been with the Law Society since 2012, prior to that she was in private practice for 10 years and was also counsel at the Department of Justice.
In her current role, Catherine obtains trusteeship orders over lawyer or paralegal law practices in situations where plans for an orderly practice wind-up are not in place, or in any situation where client files, funds or property is at risk. Her department also assists licensees, their staff or family members, informally where possible, to assist in the wind-up of law practices.
Douglas Strelshik has been practising law since 1988 exclusively in the areas of personal injury (including helping persons who have sustained injuries as a result of motor vehicle accidents, medical negligence and product liability), insurance litigation and real estate.
Since 1995 Douglas started his own firm where he changed the focus of his personal injury practice to represent only injured parties.
Currently Douglas is an Education Committee Member of the Toronto Lawyers
Association. Several years ago, he was a Trustee at the association.
Douglas graduated from the University of Windsor Law School, and received a bachelor’s degree in History from McGill University. Connect with Douglas on LinkedIn at https://www.linedin.com/in/dougstrelshik/.
*see individual programs and jurisidictional allowances for accredited hours/requirements for Canadian law societies.
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*see individual programs and jurisidictional allowances for accredited hours/requirements for Canadian law societies.
