On December 29, 2023, the Maine Supreme Judicial Court issued an amended order appointing Michael Tadenev, Esq. and Mara RH King from the Board of Overseers of the Bar as the Co-Receivers of Attorney William N. Ferm’s law practice.

The receivers are granted extensive authority to assume responsibility for Ferm’s law practice, including securing professional files, client funds, and property. They are authorized to obtain signatory authority over all financial accounts used by Ferm for business purposes, access computer hardware and software, and secure access to email and cloud storage accounts.

The receivers are tasked with prioritizing client matters, notifying courts and clients about their appointments, and managing the wind-down of Ferm’s practice. The order emphasizes the importance of protecting client interests, and clients are given the opportunity to consult with the Co-Receivers and retrieve their property.

Notably, Attorneys Tadenev and King will serve as Co-Receivers pro bono, although reimbursement may be considered if sufficient assets are available from Ferm’s law practice. The Co-Receivers will file quarterly status reports with the court, and they are protected from liability for professional services rendered in accordance with the order.

The court filing did not state the specific reason for the receivership. The court typically appoints receivers when a lawyer becomes incapacitated or unable to properly manage their practice; if disciplinary action is pending against the attorney; when a practice is closing or being wound down; or in cases of suspected malpractice, mismanagement of client matters or funds, or other misconduct. Receivers help oversee the orderly transition of responsibilities under such circumstances.

According to Avvo, Mr. Ferm is a litigation attorney in Ellsworth, Maine. He graduated from Harvard University Law School in 1977 and obtained his law license in Maine in the same year.

A copy of the original filing can be found here.