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While not that long ago, partners often remained at the same firm for most of their career—nowadays, firms can be more like a revolving door. In the process of moving from one firm to another, a partner’s fiduciary obligations to both partners and clients are complex and may even conflict. And as the departing partner’s own interests are also at stake, navigating these obligations requires careful consideration—particularly since the rules are not always clear.
Geri S. Krauss, author of Partner Departures and Lateral Moves: A Legal and Ethical Guide, of Krauss PLLC will:
- Address the legal and ethical obligations departing partners owe to their partners as they explore a new affiliation;
- Address the legal and ethical obligations departing partners owe to their clients as they explore a new affiliation; and
- Provide guidance as to the best practices in navigating the conflicts.