ArticleA business divorce within a marital divorce presents challenges that tax the skills of even the most experienced business lawyers. Dallas attorney Ladd Hirsch, a litigation partner at Diamond McCarthy LLP, has developed a practice specialty working with matrimonial counsel and their clients in marital divorce cases where the assets include illiquid ownership interests in businesses held jointly by the divorcing spouses. As you’ll hear in this lively interview, Ladd’s focus in such engagements is to evaluate and implement the various options for continued joint ownership of the business interests for a period of time post-divorce to optimize value for both spouses and provide for an eventual, orderly transition to sole ownership by one spouse or a sale of the business to a third party. It’s a “win-win” approach that defies the conventional wisdom of needing to separate at all costs the interests of the divorcing couple.
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