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The amendments were adopted in response to the court’s decision in the Matter of Olchowski (2020), which posed the question concerning the proper disposition of unidentified client funds on deposit in an Interest on Lawyers’ Trust Account.        

The high court held that agreements requiring a lawyer departing a firm pay it an undifferentiated per-client fee for continued representation of those clients are prohibited.        

“Spirit is a small airline. But there are those who love it. To those dedicated customers of Spirit, this one’s for you,” Young concluded. “Why? Because the Clayton Act, a 109-year-old statute requires this result—a statute that continues to deliver for the American people.”        

“The most difficult thing that we had to deal with is representing a sovereign,” said Ed Ramos, partner at Holland & Knight.        

The new litigation leaders arrive following some departures within Norton Rose management. They also come amid high expectations for the pace of lawsuits and disputes in 2024.