What conditions must be met for a lawyer to sell their law practice?

The correct answer is grounded in the provisions of the ABA Model Rules of Professional Conduct, specifically Rule 1.17, which governs the sale of a law practice. When a lawyer sells their practice, it is crucial to ensure that clients are informed about the change and that their rights are safeguarded.

The requirement for notifying clients arises from the ethical obligation to uphold client autonomy and protect their interests. The rule allows for a presumption of consent when clients are notified of the sale and do not object, ensuring that clients have the opportunity to choose whether they wish to continue their relationship with the new owner or seek representation elsewhere. This protects the clients’ right to make an informed decision based on their individual preferences and circumstances.

In contrast, the other options do not accurately reflect the rules surrounding the sale of a law practice. Lawyers are not required to continue practicing in the same area after the sale, and it's not stipulated that the practice must be sold to one client only, as multiple clients may be directed to the new owner. Additionally, increasing fees post-sale without proper notice or justification could violate ethical rules, as client interests should remain a priority rather than solely business considerations.