Tom Lenfestey

Attorney, CPA, Accredited Business Intermediary, and BBP Industry Expert in Law Firms

Tom Lenfestey is the Founder of The Law Practice Exchange, LLC as well as a practicing North Carolina attorney, licensed CPA and Accredited Business Intermediary. Tom founded The Law Practice Exchange in 2013 to fill a void in the legal profession by creating a platform and service model to help lawyers sell their law practices and create continuation and succession plans for when they were ready to exit.

Tom spends much of his time as a frequent speaker on law firm valuation, the buying and selling of law firms, law firm mergers and lawyer succession planning as a regular guest speaker at legal associations, CLEs, podcasts and others. Tom also is a frequent author for legal articles and publications and has authored the book Designing a Succession Plan for Your Law Practice with LPE team member Camille Stell. Tom was appointed and served on the Transitioning Lawyers Commission and Professional Vitality Committee with the North Carolina Bar Association and serves as advisor and contributor to legal insurers, law firm lending institutions and others in regards to the law firm buying/selling/succession marketplace.

Tom is a NC State Wolfpack fan and a past Michigander (who still believes in the Lions). However, his true passion in life is his family, including his wife and two young boys, coastal living and their travel adventures.

 

Tom Lenfestey

Would you like to have Tom speak at your event, podcast, or talk about other opportunities? Contact us!

Get Tom's Book

Designing a Succession Plan for Your Law Practice: A Step-by-Step Guide for Preparing Your Firm for Maximum Value

Why Tom Started The Law Practice Exchange

Tom’s years in private practice focused on transition and succession planning for other professions including creating, advising and implementing strategic business and estate plans for those clients. In doing so, he came to recognize the lack of knowledge, attention and options that were available in the legal profession to attorneys and their own practices, specifically in the realm of succession planning and other transition or exit opportunities. As a result, Tom founded The Law Practice Exchange to provide education, options and brokerage and consulting services to the legal profession on selling, buying and overall law firm succession strategies.

Podcast Appearances

Gravity Legal Podcast

Optimize My Firm Podcast

PILMMA Podcast

Maximum Growth Live!

The Lawyerist Podcast

Counsel to Counsel Podcast

Legal Mastermind Podcast: Market My Market

Lawyerist Podcast: Selling Your Practice

Speaking Programs & Lawyer Training Workshops

  • What’s Your Law Firm Continuity Plan? The Secrets of Buying, Selling and Other Succession Strategies Available to Lawyers to Continue to Practice Without Fear
  • Buying A Law Firm? Things To Know to Make Sure It Is A Success.
  • Buying, Growing and Managing It All. Top Things To Know If You Are a Future Law Firm Owner
  • Law Firms – The Next Generation? Is Your Law Firm Ready For The Generational Shift? Leadership, Relationships and the Financial Changes Are Coming. Are You Ready?
  • It’s Time To Benefit From What You Have Built. Transferring Ownership of Your Law Firm to the Next Generation.
  • The 3 Magic Ingredients to Successfully Sell Your Law Firm.

Past Speaking Events

  • Buying and Selling Law Firms, PILMMA
  • Law Firm Valuation, American Bar Association
  • 3 Magic Ingredients to Selling Your Law Practice, Legal Mastermind
  • Charting a Path for Succession Planning, Lawyers Marketing Association, Annual Conference

  • The Secrets to Designing a Succession Plan for Your Law Firm, John Fisher’s Plaintiff Elite Mastermind
  • Transition Planning, Law Firm Succession and Exit Opportunities for the Social Security Disability Practitioner, NOSSCR Annual Conference
  • What’s Your Plan? How To Build A Succession Plan For Your Law Practice, LawLine
  • Innovation Strategies for Today’s Law Firm, NC Managing Partners Summit, Annual Conference

  • Succession Planning, Firm Transition & Growth Strategies, NC Managing Partners Summit, Annual Conference

  • Using Succession Planning As a Risk Management Tool, American Bar Association
  • Transition and Retirement Planning: Ethics Issues for Solo and Small Firm Practitioners, American Bar Association
  • Passing The Torch … While it’s Still Got Heat, How to Start Leveraging Your Legal Experience Now for Maximum Value in The Days to Come
. Reel Time CLE
  • Charting Your Path to Succession Planning, Wake County Bar Association
  • 
It’s Time To Benefit From What You Have Built – Transferring Ownership of Your Law Firm to the Next Generation, The Law Practice Exchange, LLC & Lawyers Mutual of NC Consulting Services
  • 
Law Firm Succession: Secrets to a Successful Transition or Sale of a Law Practice, Lawyers Mutual Liability Insurance Company of NC

  • Essential Steps to Transition Your Practice The Right Way, The Law Practice Exchange
  • 
Succession Planning: A Must In The Women’s Leadership Toolbox, NC Association of Women Attorneys, Annual Conference
  • 
Mapping Your Retirement: Practicing Without Fear, Stepping Down or Stepping Out: Ways to Transfer Your Practice For Value, NC Bar Association
  • 
Legal Launch Pad Start Up Conference, Buying & Selling a Law Practice – What You Need to Know, NC Bar Association

  • Retiring Well: Developing Strategies for a Successful Transition, Strategies for Success: How Does a Lawyer Retire?, NC Bar Association