Law Firm Partnership Agreements

Front Cover
Law Journal Press, Dec 28, 2020 - Law - 1310 pages
"An essential guide.... It should be on the desk of every managing partner."
--Robert W. Hillman, Esq., Professor of Law, University of California at Davis, Author, Hillman on Lawyer Mobility

Whether your firm consists of two lawyers or five hundred, Law Firm Partnership Agreements is a must for your office. This book tackles the key "life events" of a law firm partnership--formation, setting compensation, partner admissions and departures, retirement, dissolution, termination of the partnership, mergers and acquisitions, and much more.

For firms in the course of development, here is the advice you need for selecting the form of the entity--general partnership, professional corporation, or limited liability partnership--with the advantages and disadvantages of each.

Also included are a state-of-the-art model partnership agreement and other practical forms of agreement, such as a "memorandum of understanding" for lateral partners that serves as an adjunct to the main agreement. In short, You'll get everything you need to ensure that your firm's partnership agreement is up to snuff. And all forms and clauses are available with the online version of this book.

Filled with advice on structuring your firm to attract and keep talented lawyers, Law Firm Partnership Agreements will help your firm retain its competitive edge.

Book ʃ looseleaf, one volume, 1,098 pages; published in 1998, updated as needed; no additional charge for updates during your subscription. Looseleaf print subscribers receive supplements. The online edition is updated automatically. ISBN: 978-1-58852-080-7.

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good for students


Introduction and Model Agreement Intro
5 Fiduciary Relationship 213
6 Ethical Responsibilities 214 1
13 Liability for Leasehold Obligations 227
14 Incoming Outgoing and Retiring Partners 228

Common terms and phrases

About the author (2020)

Leslie D. Corwin is a Partner in the New York office of Blank Rome LLP. He is a nationally recognized expert in partnership law as it relates to professional service firms, including partnership mergers and break-ups, law firm dissolutions, partner ousters, defections, bankruptcy and other partnership changes.

Arthur J. Ciampi is a founding member of Ciampi L.L.C. He is a regular columnist in the New York Law Journal with his column "Law Firm Partnership Law".Mr. Ciampi has represented professional partners and partnerships both nationally and internationally for more than 20 years.He is an experienced litigator, counselor and mediator concerning partnership issues and disputes.

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