Employment Contracts, Partnerships & Non-Compete Agreements

Partnership Agreements

Individuals entering into, renegotiating, or departing from a partnership agreement can benefit from the assistance of an experienced Outten & Golden attorney who has expertise in the issues unique to their industry. 

Partnership agreements are used in a variety of businesses. The members of professional businesses such as law firms, accounting firms, and physicians’ practices often enter into partnership agreements. Such agreements also arise in many financial services industry contexts, such as when a private equity firm grants employees partnerships in a fund it sets up and manages. Each of these contexts raises special considerations and issues. For example, law firm partnerships typically contain many unique features, including the applicability of rules of professional responsibility; in private equity firms, the agreements governing partnerships typically involve complicated structures and governance rules. Outten & Golden attorneys have experience with partnership agreements in all of these industries.

News

Winston & Strawn Loss May Squeeze Atty Arbitration Pacts

Law—Andrew Strickler

A California appeals court decision sinking Winston & Strawn LLP's arbitration agreement with a former attorney suing the firm for discrimination will encourage "for hire" lawyers and others outside firms' power structures to fight contracts that seek to block legal disputes from reaching the courtroom, experts say.

The First Appellate District holding in favor of former Winston patent lawyer Constance Ramos, who opposed having her gender bias case transferred to an arbiter, should also encourage law firms to rein in overly aggressive arbitration provisions, both for legal and business...