These summaries were prepared by McGuireWoods LLP lawyer Thomas E. Spahn. They are based on the letter opinions issued by the Virginia State Bar. Any editorial comments reflect Mr. Spahn's current personal views, and not the opinions of the Virginia State Bar, McGuireWoods or its clients. 
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19-Judge Conflicts

45-Law Firms - Miscellaneous

A lawyer becoming a judge may sell the physical assets of a law firm but not its goodwill, active client files or work in progress. It is improper to inflate the value of the assets to disguise the sale of the practice as a going business. [Rule 1.17 permits the purchase or sale of a law firm's practice, including good will, under certain circumstances.]

Copyright 2000, Thomas E. Spahn