What the Hell

What's in a 'Name Partner'? Not a Law Partnership, Appeals Court Says



For 17 years, Raymond Nadel considered himself a partner at New Jersey's Starkman & Nadel. His name was on the marquee and he worked under an agreement that gave him 25 percent of the firm's net profits. But in 2004, firm founder Morris Starkman canned him, citing performance concerns. Nadel sued for what he claimed he was due and was awarded $2.9 million. Now an appeals court says Nadel was a partner in name only and not vested with sufficient indicia of partnership to warrant a payout, regardless of the parties' intent.

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