The Law Society has published new guidance on fiduciary roles and retirement from practice by a private client practitioner. The Law Society’s website gives the following brief indication of its contents.

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.