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Legal Mag > Blog > Firm Management > Law Firm Managing Partners Spat Over Alleged Theft of $4M in Working Capital
Firm Management

Law Firm Managing Partners Spat Over Alleged Theft of $4M in Working Capital

Press Room
Press Room 1 month ago
Updated 2023/04/29 at 5:11 AM
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A managing partner has filed a derivative complaint in Miami over the alleged misappropriation of a Washington D.C. law firm’s millions of dollars in working capital by two other managing partners, to entities in which they are accused of having a financial interest.

Randolph Braccialarghe, an ethics professor at NSU College of Law, said the action—in which the non-lawyer plaintiff and a KS Law Group managing partner, Allan Teh, sued the defendants, non-lawyer Sylvia Benito and Lee Melchionni, Esq.—is rare in Florida. Only Washington D.C., Arizona and Washington state permit nonlawyers to have equity in a law firm, he said.

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