01/18/2006
Court Enforces Partnership Agreement Allowing Law Firm to Collect 25 Percent of Fees Earned by Departing Partner from Former Firm Clients as Damages to the Firm
Anderson, McPharlin & Connors v. Steven R. Yee, 2005 WL 3508313, (Cal. App. 2 Dist., Dec. 23, 2005)
Brief Summary
This case is consistent with prior California authority giving law firms much greater latitude to establish the financial consequences of a partner or shareholder’s departure than is true in many if not most other jurisdictions. Whether, or to what extent, this case may persuade other courts that the more flexible California approach is also more appropriate remains to be seen.
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