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.”
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."
By
Robert W. Dremluk And Ryan PinkstonThis premium content is locked for LawJournalNewsletters subscribers only
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