Partnership pact should cover personal adversity; a partner's death, bankruptcy or divorce can disrupt a firm, unless a written accord exists
Article Abstract:
Law firm partnership agreements should address personal circumstances which can affect the partnership such as partner death, bankruptcy and divorce. Since the law provides for dissolution of a partnership upon the death of a partner, the agreement should include a buyout plan of the deceased partner's interest. How partnership and bankruptcy law interact is not clear, but some agreements provide for discounted buyouts of partners who go into bankruptcy. Other options include not admitting an attorney with substantial personal difficulties. As to divorce, the agreement should stipulate that the spouse's marital interest in the partnership will be satisfied by other marital property.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1996
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Information contained in a proposal, but not in the final government contract, may not be released under FOIA, unless the data is incorporated as reference
Article Abstract:
Companies vying for government contracts must be careful to shield proprietary information from Freedom of Information Act (FOIA) disclosure. A statutory change has clarified that information contained in a contract proposal but not becoming part of a contract is exempt from FOIA release, but court decisions have confirmed that information incorporated by reference in a contract can be released, unless the company can show that such release would lead to substantial competitive harm.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1998
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Ranks are thin, but Seattle firm leads in part-timers
Article Abstract:
Seattle's Davis Wright Tremaine has 11.3% part-time lawyers and this makes it the NLJ 250 firm with the highest proportion of lawyers with this working arrangement and also just above the national work force average for part-timers. Lawyers are four times less likely to work part-time than US workers generally. The National Ass'n for Law Placement's finding that only 2.7% of lawyers are part-time employees is consistent with NLJ 250 results.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1998
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