The firm of Foley, Foley & Pearson, P.C. was originally founded in 1987 by the husband and wife team of Richard and Susan Foley. The firm was incorporated in 1988 as Foley & Foley, P.C. Ten years later, the firm narrowed its practice areas to estate planning, business law, probate and trust administration. William M. Pearson joined the firm in 2004 and became a shareholder in 2010. Chelsea Ray Riekkola joined the firm as an associate attorney in 2014. In 2016, Susan Foley retired from the firm and discontinued the practice of law so that she could accept the position of President and Chief Development Officer of the University of Alaska Foundation.