DLA Piper faces regional revolt over LawVest investments

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  • hubris gets them all in the end

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  • Good faith as defined by the board. The names of the 'others' are likely known, but TA & the board may prefer not to disclose them.

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  • Investments in good faith that they would a tidy profit, not in good faith to their non-investing fellow DLA partners. Get DLA to divert some of its business to LawVest then share the profit from doing so between a limited number of partners. No conflict of interest there at all oh no no..... what planet is he on?

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  • All animals are equal.....but some are more equal than others!!

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  • What a cheap, tawdry affair.
    And it’s not as if DLA has any reserves of prestige to see them through. They are already in bargain basement.

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  • This may turn out to be a savvy investment by DLA yet, time will tell. In a firm this size there are bound to be disgruntled partners. DLA has also been a forward looking firm, it's obviously a little too much for some!

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  • Who knew The Lawyer was on DLA's board or a member of its partnership?

    It seems the situation could have been handled better but the decision to divest shows a willing to rectify unintended hard feelings.

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  • LawVest - an awful awful name.

    I'm fully expecting Roll On Friday to run this story with Sir Nigel pictured in his law vest.

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  • There have always been rumoured to be other "investments" too. Wonder if those are finally coming to light?

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  • If, as seems to be the case, DLA intends to divert work to LawVest, work which regional or other partners would otherwise have undertaken, surely this investment by DLA should have been discussed and voted on by the entire partnership, with all the partners having been given full disclosure of what LawVest's purpose was? There is of course no question that there was a conflict of interest when the individual partners invested in LawVest or that they should divest themselves of this investment ....and not to their wives or other family members.

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