Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
When a Partner Divorces
Going through a divorce can be tumultuous for everyone involved. When one of the parties is a partner in a law firm, those challenges are sometimes elevated for both the partner and the law firm. If you happen to be that partner, open communication with your spouse and your law firm is essential to minimize conflict with your spouse and maintain your relationship with your firm. If you are the law firm, working with the partner to protect the firm and its clients, while understanding the personal challenges the partner faces, will minimize the disruption to the firm and its clients.
As a partner divorcing his or her spouse, it is vital to be as transparent as possible regarding financial information. When you are a partner in a law firm, it is common for a spouse to request documentation about the law firm itself, such as the partnership agreement, revenue reports, tax returns, profit and loss statements, balance sheets, and information about equity and non-equity partnership. If you are cooperative with your spouse regarding production of information about your income and financial interest in the law firm, you may be able to avoid involving the law firm directly.
For example, when responding to discovery (or your spouse's informal requests), provide complete tax returns and supporting documentation, rather than just the first two pages of the return; provide entire account statements rather than just the summary page; and provide monthly credit card statements rather than just the yearly summary. The more information that the partner provides directly (remember transparency), the less inclined the partner's spouse may be to issue a subpoena to the law firm. After all, no one should want to kill the goose that lays the golden eggs.
This premium content is locked for Entertainment Law & Finance subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?