Your correspondent of 24 May omitted to mention that by ‘giving the practice away’, at least the professional indemnity runoff cover (two and a half times the last premium) was saved.

Further, although the goodwill of the fish and chip shop was £120,000, it would have been worth zero if the client’s lease had expired (or attracted an unsustainable rent).

Sandie Graff , Graff & Redfern Solicitors, Richmond, Surrey