DLA Piper faces regional revolt over LawVest investments

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  • The sad thing is most of what is on here is true - the real facts are I suspect even more daming - a complete stitch up and the culprits will continue to believe they can walk on water as they are in Nige's gang - the Board and Tony Angel have let the firm and the vast majority of the Parnership down by not dealing with this firmly now and there is a large body of Partners not satisfied with the current approach - some of the culprits profess they did not realise the conflict point or potential breach of duty of good faith to their firm and fellow partners - that open admission should lead them to realising they are not fit and proper to be Partners at any law firm .... but of course their arrogance won't enable them to see this. The individuals are known - what goes around comes around ... hopefully sooner rather than later - it couldn't happen to a finer bunch and I for one look forward to their day of reckoning !! Or guys do the decent thing and take a walk. You will be waved off with cheers.

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  • Definition of 'good faith defense': (1) clean heart, empty head; (2) also known as the 'dumb a**e defense' - i.e. I was too stupid to know what was going on; (3) fall back defense if stonewalling or pounding on the table doesn't work; (4) the defense right before cringing and crying and sputtering '... oh, please don't'.

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  • This won't be the only thing to come to light

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  • I am amused by those trying to apply the ethics of a bygone time to this episode. The law has ceased to be a profession and is now a hard nosed business containing hard nosed people who define themselves and their perceived successes by the size of their assets. This one back fired but how many times has this sort of thing happened and remained under the radar? It will all be forgotten in no time and the regional partners will settle down without thinking too much about the master plan and what Lawvest means for them in the medium term.

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  • I don't think the law on taking a secret profit can be regarded as the ethics of a bygone time.

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  • As an old school, provincial solicitor, whose nose has never been in the trough,the only encouraging thing to emerge from all this is the number of outraged and conventional lawyers,like me, who have posted their disgust at the greedy antics and shown that they do not need the awfulness of this matter spelled out or conflict of interest explained. And ABS Has only just started!

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  • When basic ethics like this appear to be breached by senior Partners in a firm and the Board and the Senior Partner of that firm then fail to address that in any sort of adequate manner for the Partnership one must question how long it will be before clients and existing Partners vote with their feet and walk - one hopes a vote of no confidence is on its way - one must question whether the weak handling of this by the Board and the Senior Partner will now lead to the start of a terminal decline - when basic standards like this slip and are allowed to slip all is lost.

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  • Does the lack of reports of new developments indicate the sound of things being swept under the rug?
    As to the previous post, lawyers leaving would require integrity - I have my lamp, just where is that honest man?

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  • Dear Sir

    Oops.

    Yours faithfully

    Arthur

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