All lawyers and law firms must maintain – and review annually – a succession plan for their practice (Regulation 4.6). Succession plans ensure every lawyer’s practice will be covered according to their wishes if they become unable to practice. Clients need to be looked after promptly.
The requirements are similar for succession planning and for preparing to retire or change to non-practising membership status. Good planning means your practice will be more attractive to potential successors.
Succession Planning Toolkit
Consult with Legal Services Support
File Management: Keep Only What You Need
File Retention & Destruction Template Policy Template 2023
Clear Trust Accounts & Return Client Property
General Succession Planning Aids
Note: you don’t need to use a template, but your plans should be in writing, known and consented to by your successor, and accessible in case of need. A partnership agreement typically contains much succession planning.
Estate Documents: Effect Your Wishes
These template documents are meant to be adapted using your skill and judgment and adopted at your own risk. Contributed by Tim Hergett, Hergett Law.
Recruiting a Successor
Legal Services Support & Schulich School of Law partnered for a very successful regional practice showcase/recruitment event in 2023, likely to be repeated in subsequent years. Schulich’s Career Development Office also held an event for small-med firms. If you want to be involved in future events, make your wishes known through us at [email protected] or the law school at [email protected] Recruitment is often pitched at 2nd year students, so planning helps, as does posting summer or articling jobs.
Questions or support?
Contact the Society’s Legal Services Support to discuss your circumstances and needs.