As we have explored throughout this series, the sale of a law practice is now ethically permissible in New York. Rule 1.17 of the Rules of Professional Conduct expressly allows lawyers to sell a practice, including goodwill. Yet despite that change, relatively few small and suburban firm owners actually sell their firms. Instead, many attorneys simply close their doors when they retire. That raises an obvious question. Why is nobody selling their practice? Part of the answer
