September 2, 2020
I recently had an “OMG. Are you kidding me?!?!” moment when I came across NYT reporter John Eligon’s article on a law firm breakup, “For the Lords of Divorce, A Breakup.” The principals of Sheresky, Aronson, Mayefsky & Sloan were no babes in the woods, wet behind the ears, green, unsophisticated, inexperienced, naive [insert synonym of your choice for “shoulda known better”] innocents. They were lawyers. They were divorce lawyers (who have more experience than other lawyers in the “no promise lasts forever” department). They were divorce lawyers who had handled hot, high-profile, and/or bitter breakups of celebrities and muckety-mucks (and, as a firm, was highly regarded as a boutique matrimonial practice). They had no written partnership agreement. Are ya kidding me? The senior partner, Sherefsky, filed a $26 million lawsuit in New York Supreme Court, alleging breach of contract and fraud. Being senior, he expected to have some form of retirement buyout, or transition program, and believed he had worked that out with his partners. The other partners claim that he received his just due…
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I know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.
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