Monday, June 1, 2009

Closure

An attorney who did not properly close his practice was reprimanded by the South Carolina supreme Court. The facts:

Due to a down turn in business and resulting economic hardship, respondent closed his law practice.  Respondent admits he failed to comply with Rule 1.17 of the Rules of Professional Conduct, Rule 407, SCACR, in closing his practice.  In particular, respondent admits he failed to personally safeguard client files in that he left the files in the hands of his paralegal instead of personally supervising the delivery of the files to a title insurance company.  In addition, he admits there were communication failures concerning the delivery of the files to the title insurance company.  Specifically, respondent failed to confirm his arrangements for delivery of files to the title insurance company management and that, at the time of delivery, a number of files were still awaiting final post-closing activities such as the issuance of final title policies. 

I suppose we will see more of these issues in the current economic climate. (Mike Frisch)

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