If there were two changes to our ethical rules that I would like to see changed, it is firstly the restrictions on unauthorized practice of law as it relates to multi-state practices, and secondly the restrictions on nonlawyer ownership of law firms, including the restrictions on passive investment in law firms. (notjustforlawyers.com)
Australia permitted nonlawyer ownership of law firms well before the UK did. (notjustforlawyers.com)
In 2011, J&M brought litigation against bar authorities in New York, New Jersey and Connecticut requesting that the enforcement of the «antiquated» ethical rule that restricts nonlawyer ownership of law firms be enjoined. (abajournal.com)