As lawyers move from one firm to another or from private practice into another sphere -- and as firms restructure to meet increasing economic demands -- numerous ethical, practical, and financial questions arise. Hillman on Lawyer Mobility is your definitive guide to this fast developing area of law.Hillman analyzes and clarifies all the urgent legal and ethical ramifications in such areas as: The downsizing of law firmsDisputes over the existence of a partnershipRestrictive covenantsDisincentives to competitionOne-sided fee-sharing agreementsNotice of withdrawalSection 42 elections for withdrawing partnersFiles as property of clientsRetaining liensEnforcement of ethics standards through arbitrationCollateral c

As lawyers move from one firm to another or from private practice into another sphere -& as firms restructure to meet increasing economic demands - numerous ethical, practical, & financial questions arise. Hillman on Lawyer Mobility is your definitive guide to this fast developing area of law. Hillman analyzes & clarifies all the urgent legal & ethical ramifications in such areas as: The downsizing of law firms Disputes over the existence of a partnership Restrictive covenants Disincentives to competition One-sided fee-sharing agreements Notice of withdrawal Section 42 elections for withdrawing partners Files as property of clients Retaining liens Enforcement of ethics standards through arbitration Collateral consequences of account settlement provisions Compensation for discharged firms Pre departure solicitation Profit allocation. He also discusses the American Law Institute's ongoing work on the Restatement of the Law Governing Lawyers & the Revised Uniform Partnership Act.

Whether your firm consists of two lawyers or five hundred, Law Firm Partnership Agreements is a must for your office. This book tackles the key "life events" of a law firm partnership--formation, setting compensation, partner admissions and departures, retirement, dissolution, termination of the partnership, mergers and acquisitions, and much more. For firms in the course of development, here is the advice you need for selecting the form of the entity--general partnership, professional corporation, or limited liability partnership--with the advantages and disadvantages of each. Also included are a state-of-the-art model partnership agreement and other practical forms of agreement, such as a "memorandum of understanding" for lateral partners that serves as an adjunct to the main agreement. In short, You'll get everything you need to ensure that your firm's partnership agreement is up to snuff. And all forms and clauses are included on an accompanying CD-ROM for ease of use. Filled with advice on structuring your firm to attract and keep talented lawyers, Law Firm Partnership Agreements will help your firm retain its competitive edge.

This paper was delivered as the Randall Park Lecture at the University of Kentucky College of Law. It addresses the consequences of nearly two decades of lawyer mobility and law firm destablization and the effects of these trends on the professional development of inexperienced lawyers. It also offers thoughts on how lawyer mobility is, or at least should be, bringing into sharper focus the professional education mission of law schools.