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 "Your
Legal Counsel"
Walker, Lambe, Rhudy & Costley, P.L.L.C. provides a professional and personal source of legal advice
to each of its clients, and places emphasis on practicing "preventive law"
to prevent legal complications before they occur. Whether you need legal advice
for personal and family matters such as estate planning or financial planning,
legal counsel for your business affairs such as corporate planning or real estate
development, or legal advice and planning for the affairs of a foundation or
other nonprofit organization, Walker, Lambe, Rhudy & Costley, P.L.L.C. is ready to serve all of your
needs as legal counsel.
Firm History. Walker, Lambe, Rhudy & Costley, P.L.L.C. has evolved since Bill Lambe and Jack Walker began practicing law
in Durham some thirty years ago and joined forces with a common philosophy and
dedication to client service. Walker, Lambe, Rhudy & Costley, P.L.L.C. is pleased to offer the highest
level of quality professional legal counsel to its clients in the Research Triangle
area and throughout North Carolina. Walker, Lambe, Rhudy & Costley, P.L.L.C., whose partners represent
more than 100 years of combined legal experience, is a law firm which can provide
you and your family, and you and your business (whether for-profit or nonprofit),
with professional and personal legal counsel.
 Walker, Lambe, Rhudy & Costley, P.L.L.C.’s attorneys
have a strong and proud tradition of community service, with a long and deep
history. The Firm and its attorneys have given generously to many cultural,
educational, artistic, and community-related groups throughout North Carolina.
Our attorneys are encouraged to devote time and energy to worthwhile community
projects: for example, Bill Lambe has served as Chairman of the North Carolina
Interest on Lawyers Trust Accounts (“IOLTA”) Board. IOLTA collects
interest from the trust accounts of participating law firms and uses these funds
to support public-interest projects that strengthen the justice system in communities
around the state.
This tradition of service includes Walker, Lambe, Rhudy & Costley, P.L.L.C. attorneys who have served
in the following capacities: President of the Durham County Bar Association,
Trustee of Duke University, President of the North Durham Rotary Club, President
of the Board of Trustees of Durham Academy, Director of the United Way, member
of the City of Raleigh Environmental Quality Advisory Board, Trustee of Durham
County Hospital Corporation, Church Elder, and numerous non-profit board memberships
and other leadership positions in the arts, helping the homeless, helping veterans,
and promoting public health.
Experience. The attorneys
of Walker, Lambe, Rhudy & Costley, P.L.L.C. have substantial experience in all areas in which the
firm practices. Our attorneys prioritize helping our clients to identify potential
problems before they happen in order to smooth the path toward the client’s
business or personal goals.
Fees. Walker, Lambe, Rhudy & Costley, P.L.L.C. provides the highest quality of legal services, tailored to individual
needs and with a sensitivity to cost. Where time and circumstances permit, the
attorney or attorneys representing you, your family, or your business, will
give you an informed estimate of the cost of services prior to your incurring
significant fees. Walker, Lambe, Rhudy & Costley, P.L.L.C. encourages clients to ask questions about
fees when the client is uncertain about what to expect.
 Walker, Lambe, Rhudy & Costley, P.L.L.C. is ready to
serve as Your Legal Counsel. Not only does Walker, Lambe, Rhudy & Costley, P.L.L.C. provide a high
level of professional competence in many legal fields, but if a matter requires
expert legal counsel in other fields of practice (for example, in patent law
or environmental law), Walker, Lambe, Rhudy & Costley, P.L.L.C. will serve as Your Legal Counsel and
coordinate all legal undertakings on your behalf. By doing this, we can focus
the services of specialty counsel to control your cost and expedite the results.
Legal Services for Families
Walker, Lambe, Rhudy & Costley, P.L.L.C. has provided legal counsel to families since its beginning.
From sophisticated tax and financial planning to the structuring of complex
estate plans incorporating wills, trusts, charitable trusts and gifting plans,
Walker, Lambe, Rhudy & Costley, P.L.L.C. offers you and your family a personalized relationship for
all of your legal needs. Your goals may be to plan for retirement, to provide
for the continuation of a family business, to provide for a member of the family
who is disabled, to plan for the education of children and grandchildren, or
to establish a private foundation to further the charitable goals of the family.
In all events, Walker, Lambe, Rhudy & Costley, P.L.L.C. is ready to serve as Your Legal Counsel.
Legal Services for Nonprofit Organizations
Besides representing families, Walker, Lambe, Rhudy & Costley, P.L.L.C. has provided legal counsel
to many nonprofit organizations, including charitable foundations; nonprofit
arts, educational, and health care organizations; employee benefit and profit-sharing
plans; and charitable trusts. Representation includes not only planning for
and establishing nonprofit organizations, but also continuing representation
of the nonprofit entity and its governing board. Walker, Lambe, Rhudy & Costley, P.L.L.C.’s
attorneys are also active volunteers in the community as participants in local
community charitable work.
Fiduciary Services
Walker, Lambe, Rhudy & Costley, P.L.L.C. has a long and proud tradition of advising institutional
and individual trustees and other fiduciaries as to their legal responsibilities
with respect to the investment and management of funds. Where a client lacks
satisfactory alternatives, individual attorneys of Walker, Lambe, Rhudy & Costley, P.L.L.C. are experienced,
willing, and able to serve as trustees or other fiduciaries for individual or
family business and financial matters.
Legal Services for Business
Walker, Lambe, Rhudy & Costley, P.L.L.C. has long played a leading role in representing clients in
business matters in the Research Triangle area. Our representation typically
includes counseling regarding the initial consideration of business entity choices,
tax planning, and the legal structure and establishment of the business entity,
from a sole proprietorship to a corporation, partnership, limited partnership,
professional corporation, limited liability corporation, or other form of business
entity. Representation of business clients also includes executive compensation
matters including deferred compensation, employment-related business issues,
corporate administration and maintenance, planning for family continuation of
business ownership, and assistance with the myriad of day-to-day legal issues
which businesses face every day. A general legal review of the business entity
and its operation is a basic part of Walker, Lambe, Rhudy & Costley, P.L.L.C.'s representation of
businesses.
Another important part of the business practice of Walker, Lambe, Rhudy & Costley, P.L.L.C. is representing
clients involved in commercial real estate projects and the financing of those
projects. From representation of land developers in land acquisition to leasing
transactions and the structure of complex financing plans involving private
investors and banks, Walker, Lambe, Rhudy & Costley, P.L.L.C. can be an integral part of your business
plan.
Educational Service for Clients, the Community,
and the Profession
 The firm's lawyers have spoken
at numerous seminars and programs for clients and for professional legal groups.
Some of the programs at which they have presented in the past have involved,
among other topics, estate planning, charitable planning, family wealth transfer,
asset protection planning, trust administration, choice of business entities,
commercial real estate financing, corporate law, business financing, business
planning techniques, and federal and state tax matters. We keep our clients
informed of changes in the law as well as newly developed techniques which may
have an impact on their affairs.
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