Professional Responsibility and Liability Issues Related to Limited Liability Law Partnerships
Susan Saab Fortney
Hofstra University School of Law
April 21, 1998
South Texas Law Review, Vol. 39, No. 2, 1998
This article surveys the professional responsibility and liability issues related to attorneys practicing in limited liability law firms. Part I of this article provides background information regarding the development of the limited liability partnership (LLP) and its popularity among legal professionals. Part II tackles the 1996 ethics opinion on LLPs rendered by the American Bar Association Standing Committee on Ethics and Professional Responsibility. This article criticizes the ABA opinion by examining the conclusions and reasoning articulated in the opinion, indentifying disciplinary rules that the opinion did not address, and considering the possible effects of the opinion. Part III focuses on some professional liability issues raised by attorneys practicing in LLPs. Part IV concludes by calling for reexamination of the ABA opinion on LLPs as well as the manner in which ethics opinions are rendered. The conclusion challenges the newly created ABA Special Committee on Evaluation of the Rules of Professional Conduct, called “Ethics 2000,” to revisit professionalism and quality issues as they relate to attorneys practicing in limited liability law firms.
Number of Pages in PDF File: 46
Keywords: limited liability partnership, professional responsibility
JEL Classification: K19Accepted Paper Series
Date posted: October 22, 2009 ; Last revised: November 12, 2009
© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo1 in 0.266 seconds