Overview

Providers of professional services, like accountants, architects, attorneys, consultants and engineers, are often so focused on taking care of their client’s needs that the structure and maintenance of their own business goes wanting. As firms grow, original partnership agreements or other structures, become burdensome or altogether untenable. Professional service firms have a unique set of needs, and Levenfeld Pearlstein, LLC has significant experience representing professional service firms throughout the various stages of their business life cycle, from formation to partnership disputes, mergers, acquisitions, retirement issues and even dissolution. Our practice serves professional service firms in multiple market spaces, including law firms, accounting firms, engineering firms, architectural firms, actuarial firms, consulting firms and investment banking firms.

Services

Levenfeld Pearlstein’s attorneys have help Professional Service firms with many of the following issues:

• Structuring relations among owners (including partnership agreements and shareholders agreements)
• Mergers and acquisitions. Retirement and succession planning
• Dealing with problematic partners
• Trademarks and process patents
• Enforcement of non-compete/non-solicitation covenants
• Employment issues
• Tax issues
• Special issues relating to income partners
• Counseling in connection with subpoenas received for records relating to firm clients

Representative Matters

• Merger of a sizable local accounting firm with a regional accounting firm.
• Enforcement of restrictive covenant against rogue shareholder of an accounting firm.
• Preparation of accounting firm partnership agreements for both local and regional accounting firms.
• Organized law firm and structured partner arrangements involving long-term contingency cases.
• Represented an actuarial firm in forming a new tier of partnership so that a younger generation of partners could become part of the firm’s overall partnership.