Ethics, Professional Responsibility and More
On Wednesday, the Second Circuit Court of Appeals put a nail in the coffin of the attempt by Thelen LLP’s bankruptcy trustee to claw back fees on work that the firm’s former partners took with them to their new firm, Seyfarth Shaw LLP. Here’s the opinion.
The Second Circuit ruling came after it asked…
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…
