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Professional Responsibility And Liability Issues Related To Limited Liability Law Partnerships, Susan Saab Fortney
Professional Responsibility And Liability Issues Related To Limited Liability Law Partnerships, Susan Saab Fortney
Faculty Scholarship
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 …