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Considering an exit strategy for your law firm? In this podcast episode, valuable insights are shared from personal experience of successfully exiting a legal practice, with guest Jay Sahota offering his expertise. Jay, a seasoned legal professional with a diverse career journey, has a wealth of experience from his early days at a prominent city law firm to founding his own practice. His candid storytelling sheds light on the nuances of building, growing, and ultimately exiting a legal practice.A key takeaway is the importance of trust and clear agreements in business partnerships and exits. Starting a business requires aligning with partners on the vision, goals, and processes. Trust is crucial, but having clear agreements ensures everyone is on the same page and can prevent future disputes.When exiting a business, having a well-structured deal with clear terms and conditions is vital. It's also important to work with experienced advisors to draft a legal agreement that reflects everyone’s interests.These lessons are now used to mentor and train law firms, helping others avoid common pitfalls when building and exiting a practice.What are your thoughts on trust and clear agreements in business? Share your insights in the comments!#LegalPractice #BusinessExitStrategy #Entrepreneurship #LawFirmManagement #SuccessionPlanningWatch the episode here: https://succession.plus/uk/podcasts-uk/building-growing-and-exiting-a-law-firm-insights-from-jay-sahota/Get started by knowing how sellable your business is right now. Check out our Business Sellability Scorecard to find out.Learn more about your ad choices. Visit megaphone.fm/adchoices