A recent change in the Pennsylvania Rules of Professional Conduct, allowing lawyers and law firms to buy and sell a single area of practice, could have a major impact on succession planning for solo practitioners.
The Pennsylvania Supreme Court on Sept. 23 approved an amendment to Rule 1.17, which governs the sale of a law practice, adding to the rule that a lawyer can buy or sell an area of practice. It is set to take effect Oct. 23.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
