Dissolving a law firm is a process, not an event, the D.C. Bar Legal Ethics Committee said in a new opinion released earlier this month, and some ethical obligations continue even after dissolution. “The paramount” principle, said the committee, is to “continue to competently, zealously and diligently represent and communicate with the clients during the
dissolution
“Unfinished business” doctrine falls in N.Y. — no Jewel claims
By Karen Rubin on
Posted in Law firm break-ups, Law Practice Management
A new and perhaps final chapter has been written in the long-running saga of the 2008 collapse of the Thelen firm. The New York Court of Appeals has held that when lawyers exit defunct firms for greener pastures, the trustee of the old firm may not “claw back” profits earned on hourly-fee cases that…