As law firms grapple with new economic realities, it is becoming more common for firms to ask individual or groups of partners to leave in an effort to shore up the firm’s finances. Not only can this decision be extremely difficult considering the firm’s personal relationships with those partners, it can also involve ethical and financial risks for the firm and for the departing partner.
An ugly divorce benefits no one, but instead can be costly for both the firm and the departing partner. Handled properly, the risks can be minimized and both the firm and the partner can hopefully move on in the best way possible.
The Decision
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