Disclaimer
The information provided serves solely as a general example regarding partnership agreements within the legal profession in the United States. It is not legal advice and should not replace consultation with a qualified attorney experienced in legal practice partnerships or contractual arrangements. Laws and regulations differ by jurisdiction, and modifications may be necessary to ensure compliance with local legal requirements. The use of this example is at the user’s own risk, and we disclaim any liability for errors, omissions, or outcomes resulting from its application without professional legal review.
Please note: This is a sample Law Firm Partnership Agreement template for reference only. Actual terms may differ based on specific partnerships and applicable laws.
Law Firm Partnership Agreement Sample
Partnership Details:
Partner 1: Jane Doe, Esq.
Address: 123 Main Street, New York, NY 10001
Partner 2: John Smith, Esq.
Address: 456 Broad Avenue, New York, NY 10002
Purpose of Partnership:
The partners agree to establish a professional law partnership for the purpose of practicing law together, sharing profits, expenses, and responsibilities as set forth herein.
Capital Contributions:
Each partner shall contribute capital as follows:
Jane Doe: $50,000
John Smith: $50,000
Profit and Loss Sharing:
Profits and losses shall be allocated equally between the partners unless otherwise agreed in writing.
Roles and Responsibilities:
Partner roles shall be as follows:
Jane Doe: Managing Partner, overseeing client relations
John Smith: Senior Partner, responsible for case management
Governing Law:
This agreement shall be governed by the laws of the State of New York. Disputes shall be resolved within the courts of New York County.
Additional Provisions:
- Partners shall maintain their individual law licenses and adhere to state bar regulations.
- This agreement may be amended only in writing signed by both partners.
- All expenses, including overhead and billing, shall be shared equally unless otherwise specified.
New York, ______________________
Jane Doe (Partner)
John Smith (Partner)