July 01, 2012

Last Rites for Law Practices

Peter Geraghty

Scenario 1: Bill has been a sole practitioner concentrating in probate and real estate matters for his entire career of more than 35 years. During this time, he has accumulated thousands of client files, most of which are now inactive. For the past few months he has been considering retirement to spend more time with his grandchildren, and now seems to be the best time to do so. Bill plans to keep busy and will continue being active in his local bar association’s pro bono activities.

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