Law, Culture and the Lore of Partnership: Of Entrepreneurs, Accountability, and the Evolving Status of Partners

27 Pages Posted: 9 Jun 2005  

Robert W. Hillman

University of California, Davis - School of Law

Abstract

In important respects, contemporary partnerships are modifying the associational form under which they operate in ways that represent clear departures from the classic partnership model. This article explores the mystique of partnership, the role of partnership in our culture, and how partnership law has evolved to encourage the structuring of relationships that bear little resemblance to the partnership model on which the law was developed (e.g., nonequity partners in professional services firms). It considers the implications of this change and questions whether long-standing assumptions concerning what it means to be a "partner" continue to hold.

Suggested Citation

Hillman, Robert W., Law, Culture and the Lore of Partnership: Of Entrepreneurs, Accountability, and the Evolving Status of Partners. Wake Forest Law Review, Forthcoming. Available at SSRN: https://ssrn.com/abstract=740627

Robert William Hillman (Contact Author)

University of California, Davis - School of Law ( email )

Martin Luther King, Jr. Hall
Davis, CA CA 95616-5201
United States
530-752-8020 (Phone)

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