Planning for the unexpected: Why lawyers need a succession plan

Every lawyer needs to plan for the unexpected. Lawyers have a professional obligation to clients to plan for interruptions in their practice, whether due to unexpected emergencies or a planned retirement. Small firms and sole practitioners are particularly vulnerable to gaps in coverage.

A succession plan is the best way to protect your commitment to your clients, safeguard your practice and ensure your intentions for your business are met. The Law Society has resources and guides to help you put a succession plan in place, including a new Caretaker Checklist and Agreement so you may appoint a caretaker of your own choosing. For a full list of tools and resources, visit Succession Planning & Practice Coverage.

Watch our new video to learn more about succession planning, the role of the Law Society’s custodian and how to protect your practice: