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The 'Unfinished Business' of Failed Law Firms

Recently, two New York federal district courts reached conflicting decisions in the Coudert and Thelen bankruptcy cases with respect to a law firm's purported ownership interest in future profits from its former clients' matters pending on the date of the law firm's dissolution, or "unfinished business."

44 minute read October 26, 2012 at 01:24 PM
By
Robert W. Dremluk and Ryan Pinkston
The 'Unfinished Business' of Failed Law Firms

Recently, two New York federal district courts reached conflicting decisions in the Coudert Brothers LLP (Coudert) and Thelen LLP (Thelen) bankruptcy cases with respect to a law firm's purported ownership interest in future profits from its former clients' matters pending on the date of the law firm's dissolution, or “unfinished business.”

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