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Succession planning & practice coverage

The following are resources that may be helpful in answering your enquiry. Please familiarize yourself with them before moving on.

In brief: Lawyers owe a professional obligation to clients to plan for interruptions in your practice, whether due to unexpected emergencies or a planned retirement. Proper planning also provides further protection from the risk of an indemnity claim while you are unable to practise. Small firm and sole practitioners in particular must ensure provisions have been made to manage or dispose of your practice. Check out the resources below for some important guidance.

Key Resources

Practice Resource - For guidance on succession planning and practice coverage tools, documents and resources, visit the Succession Planning & Practice Coverage webpage

Additional Reading

Practice Resource - Checklist for Winding Up a Practice

Next Steps

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