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Insurance Woes Can Trip Older Attys Leaving Full-Time Grind

Law360, New York (January 22, 2013, 7:15 PM EST) -- Opportunities abound for aging New York lawyers to transition away from full-time legal work, experts said Tuesday, but warned that insurance concerns can plague the unprepared as they consider downsizing to an of counsel role, taking on more pro bono work or simply retiring.

Lawyers and other legal industry experts laid out some of the policy pitfalls at the annual meeting of the New York State Bar Association, stressing to a room packed with older lawyers that careful planning must be done early to ensure a smooth “ride off into the sunset.”

"When I talk about transition, everybody thinks of it...

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