Should a law office be forced to proceed to a firm dissolution, a number of legal complexities arises. One of the most pressing issues in regards to firm dissolution is the effect on representation of the firm’s clients. Firm dissolution rarely occurs at a convenient time. Ongoing and pending legal matters need to be addressed to fulfill obligations to the client. In addition to these matters, law firms have year’s worth of client files containing sensitive personal information that must be accounted for and subsequently dealt with. As professionals, attorneys have ethical and fiduciary duties that are not only crucial to maintaining compliance to theBar, but also mandated by a number of prominent court cases. A law firm facing dissolution is able to navigate through these challenges through seeking representation of a law firm experienced in represented other legal offices.
Michael Steck - JD Business, Non-Profit and Estate lawyer