News @ Cooper, Sandler, Shime & Bergman LLP - Toronto Criminal Law Firm

Cooper, Sandler Shime & Bergman LLP is Now LLP
Published: November 06, 2009

Effective August 24, 2009 Cooper, Sandler Shime & Bergman LLP has become a limited liability partnership (“LLP”), as permitted by the Partnerships Act and the Law Society Act and is now known as “Cooper, Sandler Shime & Bergman LLP” (the “Firm”).

The designation of the Firm as an LLP does not create a new firm. The Firm continues as a partnership but with a degree of limited liability afforded to its partners, as described in the legislation.  As in the past, in the event of a negligent act committed by a partner or associate of the Firm, all of the firm’s existing assets and insurance protection remain available to fulfill its obligations. The LLP legislation limits the personal liability of the firm’s partners by providing that a partner is not personally liable for any debts, obligations or liabilities of the firm that arise from any negligent act by another partner or by any person under that negligent partner’s direct supervision or control. However, every partner of the Firm remains personally liable for his or her own negligent actions and for the negligent actions of those whom he or she directly supervises or controls. The Firm’s status as an LLP does not alter or limit its insurance coverage, which remains in place in accordance with the requirements of The Law Society of Upper Canada.

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