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In a sign of increased caution in the post-Enron world, two of New York's most prominent law firms have elected to become limited liability partnerships. Sullivan & Cromwell and Paul, Weiss, Rifkind, Wharton & Garrison both acquired Limited Liability Partnership status effective Jan. 1, thus ending a combined 250 years of operation as general partnerships.
January 10, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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