If a business is to survive, planning for succession is essential.

Turning over the reins of business leadership to a new generation is a challenge many businesses will face. Fox Rothschild is your trusted guide through what can be a daunting process for owners of professional services firms as well as privately held and family businesses.

We have decades of experience in successfully transitioning ownership of these companies, helping to ensure business continuity, creating seamless exit strategies and resolving thorny legal disputes that may arise. Our attorneys are keenly sensitive to the unique needs and challenges of these organizations and the relationships – both personal and professional – among owners, employees and the next generation of leaders.

Family Businesses

Just 30 percent of family businesses survive to the second generation, 12 percent to the third and 3 percent to the fourth, according to the Institute for Entrepreneurial Excellence at the University of Pittsburgh. We serve as trusted advisers to owners, family members and management. Our attorneys weave family and business concerns together to provide a comprehensive package of legal services related to succession planning designed to position the company and its individual members for success.

Our attorneys work closely with clients to identify and resolve sensitive intergenerational issues and conflicts with the goal of helping clients understand what it ultimately takes to keep a business in the family.

We tailor our services to meet the unique needs of these types of companies, helping to facilitate constructive and open dialogue and build consensus among various members toward amicable resolutions. Our goal is to help clients achieve their economic goals and ensure business continuity.

Professional Services Firms

Fox Rothschild is home to a team of attorneys with decades of experience working with the owners of professional services firms in fields such as architecture, design, engineering, construction, and environmental consulting to formulate strategic transition programs and plans that foster their firms' growth over multiple generations of ownership and leadership.