Fiduciary roles and retirement or departure from practice by a private client practitioner

This practice note provides guidance to assist firms to address the issues that arise when a solicitor, who has held fiduciary roles, retires or departs from a practice.

It also looks at ways in which a practice can plan ahead for succession, so that when retirement or departure arises, there may be fewer problems to face, or better solutions available.

This practice note is the Law Society’s view of good practice in this area, and is not legal advice. For more information see the legal status.