Raphael v. Shapiro

OPINION OF THE COURT

Peter Tom, J.

The parties in the submitted motions raise a sensitive issue as to whether an attorney should be permitted to sell his interest in an ongoing law practice.

Plaintiff Sheldon R. Raphael (Raphael) and Edward I. Friedman are the law partners and sole shareholders of the law firm Friedman & Raphael, P. C. (Law Firm). In or about *921March 1990, Raphael decided to withdraw from the practice of law and the two lawyers entered into an agreement with defendant Phillip E. Shapiro (Shapiro), an attorney, to sell Raphael’s interest in the Law Firm to Shapiro for $39,500. The…