The Daily Business Review is reporting that high-profile South Florida attorney Henry “Hank” Adorno is facing disbarment after the Florida Supreme Court suspended him from practicing law Wednesday.
The Florida State Supreme Court is considering a suspension of up to three years or even disbarment because Adorno accepted $2 million in fees as part of a $7 million class-action settlement that the report said “benefited just seven people and his firm.”
Adorno rose to prominence in South Florida as the co-founder of the nation’s largest minority-owned law firm, Adorno & Yoss, which has more than 250 lawyers around the country. According to the report, he has a deadline of Nov. 16 to show cause on why a suspension of up to three years or disbarment shouldn’t be imposed.
Adorno & Yoss is headquartered in Coral Gables and has 17 locations across the country. It is the 147th largest firm by size in the U.S., the Daily Business Review said.
Posted by joshua
on October 29, 2010. Filed under Home,Law Firm News,Legal News.
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Law firms of all sizes are being much more selective about who makes equity partner. Gone are the days where doing good work and putting in your time is enough to get you to a profit sharing level. Today, equity partners almost always have to prove that they can contribute their share to the firm. So what does this mean for associates and how can a two-tiered partnership track be beneficial? With a two-tiered partnership structure, associates get more time to prove themselves and also more time to determine whether partnership is the right goal for them. Two-tier partnerships (non-equity and equity) exist so the firm can train and develop associates into equity partners. The non-equity track to partner at most firms is on average, 6 years long. [...]
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