A management buyout is an option if you have strong, talented and committed senior staff that are capable of taking on the role of practice owners. You'll still need to plan for the transition - stepping back from the practice whilst your senior team take on client relationships - to minimise the chances of any clawback clause being activated.

Peter Sleigh and Debbie Story started their succession planning early on, recruiting Jonny Stead and Ifat Jhugroo with a view to taking over the practice one day. Read more about how they planned for a management buyout.

Jonny Stead and Ifat Jhugroo were senior managers at Sleigh & Story when the owners told them that they wanted to be out in two years. Read more about their management buyout.