July 01, 2012

GP Mentor: Inheriting a Law Practice

Denis P. Fleming

When we dream of inheritances, we picture a long-lost relative leaving us a king’s ransom. If only this were the case when I inherited a law practice. My experience came about after a friend and colleague was diagnosed with an inoperable tumor and passed within a few months. I found that there is little money to be gained when inheriting a practice, but a large amount of work to be done.

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