DISSOLUTION OF LAW FIRM OR SALE OF LAW PRACTICE
Upon dissolution of a law firm or of any legal professional corporation or the sale of a law practice, the partners shall make reasonable arrangements for the maintenance of the client trust account records specified in Rule 1.
This rule provides for the preservation of a lawyer's trust account records in the event of dissolution or sale of a law practice. Regardless of the arrangements the partners or shareholders make among themselves for maintenance of the records, each partner may be held responsible for ensuring the availability of these records. For the purposes of these Rules, the terms "law firm," "partner," and "reasonable" are defined in accordance with Rules 1.0(e), (i), and (j) of the South Carolina Rules of Professional Conduct.