‘Constructive Liquidation’ Applied to Law Firm and Contingency Fee Valuation

Business Valuation UpdateVol. 17 No. 10
Legal and Court Case Update
October 2011

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8111 Legal Services
judicial dissolution
Rappaport v. Gelfand
2011 WL 3215379 (Cal. App. 2 Dist.)
July 28, 2011
US
State Court
California
Court of Appeal
Jan Goren and Paul Kelley (plaintiff) and David Nolte (defendants)
Croskey

Summary

California Court of Appeals construes “liquidation value” of law firm under partnership buyout statute to require a “construct” of selling assets over time at fair market value, discounted to present value as of the dissociation date.

See Also

Rappaport v. Gelfand

Full Text of Court Cases
July 28, 2011

California Court of Appeals construes “liquidation value” of law firm under partnership buyout statute to require a “construct” of selling assets over time at fair market value, discounted to present value as of the dissociation date.