Dentons Chief Legal Officer Responds to Questions About the Ethics of the Verein Model
After allegations in a recent lawsuit against Dentons questioned how the firm uses its verein structure, the firm's chief legal officer explains the ethics and virtues of operating as a Swiss verein.
March 04, 2020 at 03:03 PM
5 minute read
Editor's note: Dentons' chief legal officer John Koski wrote this piece in response to questions surrounding the verein model that were raised in the lawsuit covered here.
Referring to a law firm, accounting firm or other organization as a "verein" doesn't tell you much by itself. It's like characterizing an organization as "tax exempt." While that describes a particular organizational structure, the definition ignores every other aspect of the organization's mission, purpose, and culture. Tax-exempt organizations come in thousands of variations, from a neighborhood after-school program to, until recently, the National Football League. All are 501(c)(3)s—but, so what?
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Law Firms Mentioned
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3The 'Biden Effect' on Senior Attorneys: Should I Stay or Should I Go?
- 4BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 5First Lawsuit Filed Alleging Contraceptive Depo-Provera Caused Brain Tumor
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250