Arthur J. Ciampi Group of Lawyers Was Not a 'Partnership', Did Not Owe Fiduciary Duties
In this edition of his Law Firm Partnership Law column, Arthur J. Ciampi discusses the decision in 'Epstein v. Cantor', which is a reminder that the use of the name "partnership" or even the filing of an entity as a partnership with New York state is not controlling concerning whether the parties are truly partners for purposes of the law.
March 25, 2021 at 12:45 PM
8 minute read
Late last year, Justice Larry D. Martin of the King's County Commercial Division issued a decision that examines some basic provisions of partnership law and fiduciary duty. The decision is somewhat unique in that it determined that a group of lawyers who held themselves out as partners since 1995 and filed as a professional limited liability partnership with New York state in 1995 were not partners and did not owe fiduciary duties to one another upon their departure from the firm.
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