The Revised Uniform Partnership Act: An Analysis of Its Impact on the Relationship of Law Firm Dissolution, Contingent Fee Cases and the No Compensation Rule

Authors

Mark I. Weinstein

Abstract

As states debate the wisdom of adopting the Revised Uniform Partnership Act (the "RUPA"), an area that will be closely scrutinized involves partnership dissolution and the No Compensation Rule. In particular, this Article examines the strengths and weaknesses of the existing No Compensation Rule as it impacts on law firm dissolutions and the difficulties encountered over the division of contingent fee cases. This Article supports the RUPA approach, which allows courts to award compensation to departing partners where it is equitable to do so. In addition, the Article provides a suggested standard to be applied under the RUPA concerning whether to award compensation and how to calculate the actual amount of compensation to award an individual partner.

First Page

857

Recommended Citation

Mark I. Weinstein, The Revised Uniform Partnership Act: An Analysis of Its Impact on the Relationship of Law Firm Dissolution, Contingent Fee Cases and the No Compensation Rule, 33 Duq. L. Rev. 857 (1995).
Available at: https://dsc.duq.edu/dlr/vol33/iss4/4