Solo and Small Firm Attorneys Must Face Their Mortality—And Protect Their Clients
It would benefit attorneys and clients if the Pennsylvania Supreme Court were to mandate some form of succession planning for all attorneys. Mandating succession planning will assure that attorneys in all size firms have protections currently missing.
February 11, 2022 at 12:16 PM
9 minute read
Lawyers, like everyone else, want to believe they will live forever. Or at the least, they believe that they will work until they make the decision to retire, and then transition smoothly into retirement. They expect that when the time comes, they will either sell their practices, hire a young lawyer who will eagerly take over their firms, or refer their existing clients to colleagues, and then have a steady stream of referral or residual fees to supplement their Social Security and pension benefits.
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