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Plan Ahead for Closing a Law Practice

by Lawyers Mutual |

Suffice it to say, it is rather uneasy to think about circumstances that could render an attorney unable to practice law.  Whether from an accident, disability, illness or untimely death, attorneys must be prepared. These days, the COVID-19 pandemic has a lot of attorneys, especially solo attorneys, thinking about a backup plan.  Whatever the circumstance, your clients’ interests are paramount and must be protected, along with your own. The first step is to have a plan that includes an official backup attorney. There are numerous resources available online to assist attorneys with formally planning. To get you started, Lawyers Mutual offers a Practice Guide that outlines procedures for closing a law practice, moving to a new firm, death or disability.  Inside you will find checklists, form letters, references to ethics opinions, and a sample emergency attorney agreement.

About the Author

Lawyers Mutual

Lawyers Mutual, founded in 1977, is the first lawyers mutual insurance company in the country and has provided continuous professional liability coverage to North Carolina lawyers for 40 years. Its reputation for leadership, professionalism and commitment to its attorneys sets the standard for other legal malpractice insurance providers. For more information, call 800.662.8843, follow us on Twitter @LawyersMutualNC, connect on our LinkedIn page, like us on Facebook

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