A New Jersey appeals court has upheld dismissal of a lawyer’s claim that he attained equity partner status when his law firm gave him a tax form listing his compensation as “partner’s share of income.”
The Appellate Division affirmed the dismissal of claims by attorney Thomas Torzewski that the schedule K-1 form issued by his former firm and assorted other indicia make him an equity partner. The appeals court affirmed the decision of a trial judge who said Torzewski is not an equity partner because he had no signed partnership agreement.
