At its meeting on April 12 - 13, 2012, [40] the [Commission] decided not to propose
changes to the ABA policy
prohibiting nonlawyer
ownership of law firms... The Commission considered the pros and cons, including thoughtful comments that the
changes recommended in the [December 2, 2011 paper] were both too modest and too expansive, and concluded that the case had not been made for proceeding with even a form
of nonlawyer
ownership that is more limited than the D.C. model.