Applications for the dissolution of a law firm organized as a professional corporation can be complex and may impact important public policy considerations that affect client choice of counsel and lawyer mobility. In this month’s column, we review three decisions concerning the dissolution of a law firm organized as a professional corporation and make suggestions for the consideration of these public policy issues as they relate to whether dissolution should or should not be permitted.

Professional corporations are treated as corporations, but their owners often think of themselves and treat one another as partners. Accordingly, when the bonds of trust erode, or when dissension, or when it’s just time to move on, the shareholders often assume that they can, like in a traditional partnership, easily terminate the firm and head for greener pastures.

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