When a corporation hires outside counsel, should the lawyer be entitled to indemnification if things goes awry? It's an unsettled point of law in New Jersey, and it will be decided by the state Supreme Court. In the case at issue, the Appellate Division found that outside counsel becomes a corporate agent if he performs essentially outsourced company functions. But in oral arguments last week, at least one Supreme Court justice indicated that companies don't need to indemnify paid outside counsel.
December 05, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
When a corporation hires outside counsel, that doesn’t mean the lawyer should be entitled to indemnification if things goes awry and legal troubles ensue.
Or does it? The Appellate Division says yes: that the outside counsel becomes a corporate agent if he performs what are in essence outsourced company functions.
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