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Home / Opinion Digests / Business Law / Departing Partner’s Share Disputed (access required)

Departing Partner’s Share Disputed (access required)

A law firm cannot enforce a forfeiture provision in its operating agreement that requires a departing partner to forfeit 50 percent of his equity interest if he takes clients with him; an Alexandria U.S. District Court says the forfeiture provision may limit client choice of counsel and violates D.C. Rule of Professional Conduct 5.6. The parties ...

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