Law Firm Dissolution: Coudert, Dewey and Pandora's Box


Reproduced with permission from BNA's Bankruptcy Law Reporter, 24 BBLR 835, 06/21/2012. Copyright 2012

The tension between partner fiduciary duty, creditor rights, and rules of professional conduct in the evolving 'law as a business' environment is leading to a showdown in the courts. Which shall prevail is presently unknown. But what should be considered could be much larger and far reaching than commonly perceived, and lead to major rethinking of lateral partner movement, and what financial costs will be permitted anda which will constitute restraints on the freedom to practice law.

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Published In: Professional Practice Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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Edwin Reeser
Edwin B. Reeser, A Professional Law Corporation

Edwin B. Reeser III Born: July 5, 1951, Covina, California Countries lived in: Japan 1957-1961;... View Profile »

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