Law360, New York (July 30, 2014, 10:09 AM EDT) -- In recent years, hiring a partner from a failed law firm potentially subjected the firm that hired the partner to suits brought by the failed firm’s bankruptcy trustees. Lawsuits of this kind sought the recovery of fees earned for legal services provided to clients of the failed law firms as “unfinished business” of the law firm partnership. The trustees based their liability theory on the assertion that pending hourly fee matters were partnership property and remained so after the dissolution of a law firm partnership — even fees earned at a partner’s new employer. Trustees were able to recover fees, largely...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!