The recovery of a polymer product formed by condensing an organo-phosphonic acid dichloride or dibromide, a dihydroxy aromatic compound and, optionally, a crosslinking momomer in an organic solvent reaction medium, as a granular solid is accomplished by combining said organic solvent containing the polymer product and an aqueous solution which contains an effective amount of suspending agent to later induce precipitation of said polymer product and by thereafter agitating the solution while removing the solvent therefrom to affect precipitation of said granular polymer product.