Is good will an intrinsic part of a law firm's value? For at least one New York firm, the seemingly academic question is now a certified triable issue of fact. The question arose in a case filed by attorney Gerald T. Bodner, who, according to a recent court ruling, was "expelled" from the partnership of Hoffmann & Baron after a dispute with his partners. Bodner was offered $374,079 as the liquidated value of his interest in the IP firm, but was dissatisfied with the offer and sued the firm in response.
October 19, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Is good will an intrinsic part of a law firm’s value? For at least one Long Island, N.Y., firm, the seemingly academic question is now a certified triable issue of fact.
The question arose in a case filed by Melville attorney Gerald T. Bodner, who, according to a recent court ruling, was “expelled” from the partnership of Hoffmann & Baron following a dispute with his partners.
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