Arthur J Ciampi

March 28, 2014 | New York Law Journal

In his Law Firm Partnership Law column, Arthur J. Ciampi, managing member of Ciampi LLC, writes: Partners in smaller law firms or solo practitioners contemplating retirement from the practice of law do not typically have the established mechanism for the transition of their practice upon retirement as lawyers in larger firms do. As a result, many are simply left to close up shop when they retire, often leaving their career's work behind with no future income to show for their professional life's efforts.

By Arthur J. Ciampi

10 minute read

January 24, 2014 | New York Law Journal

In his Law Firm Partnership Law column, Arthur J. Ciampi, managing member of Ciampi LLC, analyzes a recent decision concerning the departure of a law firm partner and some of the issues it raises concerning the rights and obligations of the remaining firm.

By Arthur J. Ciampi

10 minute read

August 06, 2007 | Connecticut Law Tribune

Who doesn't like a bonus? It seems like such a good idea. If you are a partner, it means extra compensation for a job well done, and if you are a law firm, it is a method for motivating good work. On paper all of this should translate into increased profits, satisfied clients, and those rarest of creatures, happy partners.

By ARTHUR J. CIAMPI

4 minute read

March 23, 2012 | New York Law Journal

In his Law Firm Partnership Law column, Arthur J. Ciampi, the managing member of Ciampi, LLC, writes that if recent history, such as the myriad of examples from the near death experience of the world's economy at the hand of the "credit crisis," is any indicator, permitting non-lawyer equity investment in law firms is truly a "deal with the devil" which should be given extraordinary wide berth.

By Arthur J. Ciampi

9 minute read

April 14, 2008 | National Law Journal

Although it may be true, in the words of Ralph Waldo Emerson, that "a foolish consistency is the hobgoblin of little minds," an inconsistency between a law firm partner's tax position on their personal tax return and one taken in a subsequent court proceeding may create a "hobgoblin" of another kind.

By Arthur J. Ciampi

7 minute read

March 22, 2013 | New York Law Journal

In his Law Firm Partnership Law column, Arthur J. Ciampi, the managing member of Ciampi LLC, writes that negotiating a lateral partner agreement that addresses the legitimate concerns of both the new firm and the lateral partner requires both sides to accurately evaluate the professional and economic risks of such a transaction and to then clearly set out that deal in a written agreement.

By Arthur J. Ciampi

9 minute read

November 23, 2012 | New York Law Journal

In his Law Firm Partnership Law column, Arthur J. Ciampi, the managing member of Ciampi LLC, writes that law firm news of the year wasthe unprecedented and unfortunate bankruptcy of Dewey & LeBoeuf, which caused legal professionals to seek "higher ground" in the safety of what had previously been Dewey's competitors.

By Arthur J. Ciampi

9 minute read

January 25, 2013 | New York Law Journal

In his Law Firm Partnership Law column, Arthur J. Ciampi, the managing member of Ciampi LLC, writes that a separation agreement should include a broad indemnity provision requiring the firm to indemnify and defend a departing partner to the fullest extent permitted by law for acts while the partner was a partner of the firm.

By Arthur J. Ciampi

8 minute read

September 27, 2013 | New York Law Journal

In his Law Firm Partnership Law column, Arthur J. Ciampi, managing member of Ciampi LLC, writes: Despite the business acumen and sophistication of law firm partners when rendering advice to their clients, many law firm partnerships still exist without a written agreement. Earlier this year, the New York Court of Appeals issued a decision which once again highlights the need for partners to commit their agreements to writing.

By Arthur J. Ciampi

8 minute read

July 29, 2013 | New York Law Journal

In his Law Firm Partnership Law column, Arthur J. Ciampi of Ciampi LLC discusses the potential ramifications of a decision that may limit the rights of departing law firm partners of a dissolved law firm to share in the firm's goodwill, and suggests some simple solutions for firms that wish to address the issue of valuing goodwill upon dissolution.

By Arthur J. Ciampi

9 minute read