Podcast: When Lawyers Get Divorced: Ethically Breaking Up a Law Firm
a law firm breaks up or a lawyer leaves to start a new practice, there
are always clients, contingency arrangements, and hourly cases to split
up. It is important to know what ethical steps a lawyer or law firm
should take when parting ways. If the firm splits up, who has the rights
to the name, brand, clients, or even client files? How can both parties
ethically allocate unfinished business, accounts receivable, or
unsettled contingency prearrangements? An ethical and professional split
is inevitably beneficial for the future of the law firm and the lawyer.
On this episode of The Digital Edge, Sharon D. Nelson and Jim Calloway
ask legal ethics expert Tom Spahn about the proper way to
professionally deal with the various situations that arise when a law
firm splits up.
Content courtesy of Legal Talk Network.