What are the departing partner’s financial entitlements with respect to firm assets? We turn to that question in this article. Employment attorney Wayne N. Outten and Sean Farhang.
This article originally appeared in Law Journal Newsletters’ Law Firm Partnership & Benefits Report, December 2000 and January 2001. For more information, visit www.ljnonline.com.
We recently contributed an article to this newsletter that addressed when and how a law firm can expel a partner. Whether a partner is expelled or (as more commonly happens) withdraws from the partnership more-or-less voluntarily, the question arises, what are the departing partner’s financial entitlements with respect to firm assets? We turn to that question in this article.
