Abstract

http://ssrn.com/abstract=222350
 


 



Law Partner Expulsion


Larry E. Ribstein (Deceased)


University of Illinois College of Law; PERC - Property and Environment Research Center

undated

Business Lawyer, Vol. 55, No. 2, pp. 845-882, 2000

Abstract:     
Expulsion is an important way for law firms to maintain their reputations, which in turn benefits their clients. Courts face difficulties in second-guessing expulsions and law firms have extra-legal incentives to act fairly and prudently in expelling partners. Consistent with these policy considerations, both the partnership statutes and the case law support a strong expulsion right. The statutory default rules permit expulsion without cause even without an expulsion provision in the agreement. Courts commonly enforce express contractual provisions on expulsion with or without cause. Finally, the policy considerations discussed in this article counsel caution in restricting expulsion under ethical rules and employment discrimination laws.

JEL Classification: K12, K22

Accepted Paper Series





Not Available For Download

Date posted: May 23, 2000  

Suggested Citation

Ribstein (Deceased), Larry E., Law Partner Expulsion (undated). Business Lawyer, Vol. 55, No. 2, pp. 845-882, 2000. Available at SSRN: http://ssrn.com/abstract=222350

Contact Information

Larry Edward Ribstein (Deceased) (Contact Author)
University of Illinois College of Law ( email )
504 E. Pennsylvania Avenue
Champaign, IL 61820
United States
217-244-9881 (Phone)
217-244-1478 (Fax)
PERC - Property and Environment Research Center
2048 Analysis Drive
Suite A
Bozeman, MT 59718
United States

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