Retirement and the Sale of a Law Practice

, New York Law Journal

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In his Law Firm Partnership Law column, Arthur J. Ciampi, managing member of Ciampi LLC, writes: Partners in smaller law firms or solo practitioners contemplating retirement from the practice of law do not typically have the established mechanism for the transition of their practice upon retirement as lawyers in larger firms do. As a result, many are simply left to close up shop when they retire, often leaving their career's work behind with no future income to show for their professional life's efforts.

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