Law on Enterprise Goodwill in Divorce Limits Valuation in Later Legal Malpractice

Business Valuation UpdateVol. 12 No. 12
Legal and Court Case Update
December 2006

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8011 Offices and Clinics of Doctors of Medicine
621111 Offices of Physicians (except Mental Health Specialists)
malpractice (legal)
Weisman v. Schiller DuCanto and Fleck
2006 Ill. App. LEXIS 849
September 21, 2006
US
State Court
Illinois
Court of Appeals
Willamette Management Associates (wife, marital dissolution); Michael Goodman (wife, legal malpractice)
Quinn

Summary

In a post-dissolution malpractice action, appraiser may not apply enterprise goodwill in valuing a professional practice if contrary to state law at the time of the divorce.

See Also

Weisman v. Schiller DuCanto and Fleck

Full Text of Court Cases
September 21, 2006

In a post-dissolution malpractice action, appraiser may not apply enterprise goodwill in valuing a professional practice if contrary to state law at the time of the divorce.