Credit: iconicbestiary – stock.adobe.com 'One Firm' or Separate Entities? Vereins' Growth Bumps Into Conflicts, Liability Concerns
A ruling from an Illinois appellate court has put Baker McKenzie's structure under scrutiny, two years after Dentons was saddled with a $32 million malpractice verdict that also implicated the firm's verein status.
February 23, 2024 at 05:00 AM
8 minute read
What You Need to Know
- A venue dispute in a malpractice case brought against global firm Baker McKenzie has put the structure of Swiss vereins in the spotlight.
- Some consultants see the verein structure as the answer to a globalizing firms' concerns of firm-wide conflicts checks.
- Others say there are unanswered questions about the liability faced by a wider verein firm when one of its member firms faces claims of malpractice.
A venue dispute in a malpractice case against global firm Baker McKenzie has put the structure of Swiss vereins in the spotlight, with many commentators highlighting the existence of unanswered questions about the liability of these entities when a member firm faces malpractice allegations.
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