OHIO ETHICS GUIDE: SUCCESSION PLANNINGArticle: June 23, 2017 | EventsMalpractice Alerts
The Ohio Board of Professional Conduct recently issued the Ohio Ethics Guide:Succession Planning. The Board indicates the ethics guide is a preventative tool to assist Ohio attorneys in developing a succession plan. This ethics guide does not discuss the sale of a law practice.
The ethics guide addresses the ethical reasons for having a succession plan and lists the core elements of a succession plan. The ethics guide discusses designating a successor lawyer, notifying clients and potential conflicts of interest.
The ethics guide looks at the importance of having good law office management practices and an up-to-date office procedure manual.
Procedures for IOLTA and operating accounts conclude the guide.
If you want to learn more about what you need to do to get a successor attorney in place for your practice, plan to attend the CLE Succession Planning: What you Need to Know to Appoint a Successor Attorney for Your Practice presented by Gretchen Mote on Thursday, August 24, 2017 at the All-Ohio Legal Forum.
OBLIC has published the contents document or multimedia piece for informational purposes only, and it should not be construed as providing legal advice. We hope the use of these materials will help Ohio attorneys avoid potential legal malpractice problems and serve as a tool for building and maintaining strong, professional law practices. The content has been carefully researched and checked. However, this document or multimedia piece should not be relied upon as a substitute for full examination of the law and your own professional judgment. You may need to revise the procedures to meet your specific practice needs.