Keith Riley, a partner at DeCotiis, FitzPatrick & Cole and an attorney in the firm's Corporate, Tax and Banking practice groups, was quoted in a recent article in Physician News Digest. Riley spoke at length about the need for medical professionals to leverage their position within their practice. "If you're not able to negotiate some kind of major decision rights in the practice, you're going to be at the mercy of a group of physicians who have majority," advised Riley. "You become a passive investor, and you can't do anything to protect your interest."
Riley suggested physicians do their "due diligence" before assuming a leadership position or joining a new practice. "There are things he has to get a handle on-like how the money is being used-before he puts his name to it," Riley added.
This is just one of many examples of how the law firm of DeCotiis, FitzPatrick & Cole is helping medical professionals to negotiate control over their own practice. The full article, titled "The Art of Negotiating for Practice Control," can be found here.