Briggs has successfully assisted many of our clients in transitioning one or more partners from the business.  We almost always begin with a fair, impartial and current valuation of the business.  Once the valuation is completed upon we support all parties in negotiating a fair and equitable exit and transition approach.  Briggs facilitates and codifies a Partnership transition by:

• Conducting interviews with each Partner to determine their individual considerations
  
  
• Conducting a combined session with all Partners to obtain agreement in principle with the specifics of the transition
  
  
• Documenting the parameters of the payout / earn out
  
  
• Defining the roles and responsibilities during the transition
  
  
• Documenting the transition details and financial projections that will accommodate the transition

Once the Transition Strategy has been established and a decision has been made to move forward, the Briggs team assists the firm in preparing for the transition including:

• Formulating financial models for each Partner
  
  
• Drafting of the transition documents / Term Sheet for final codification by an attorney
  
  
• Assisting with the necessary funding on a best efforts basis depending upon the economic climate and health of the business