Sentences with phrase «allow nonlawyer ownership»

Not exact matches

I say let us help deliver needed legal services to the less fortunate, but let us do it without making the historical and irreversible blunder of allowing the wedge of nonlawyer ownership of law firms.

The 400 - page act instigated hundreds if not thousands of changes, including allowing nonlawyers to hold ownership and management positions in law firms and allowing creation of multidisciplinary practices.

In 1983 and again from 1999 to 2000, the ABA considered revising Model Rule 5.4 in order to allow for nonlawyer ownership and multidisciplinary practices in some form, but in each case the House of Delegates declined to make any changes.

The reason that England and Wales as well as Australia adopted PMBR is because their systems were changed to allow for nonlawyer ownership.

And allowing for minority nonlawyer ownership of law firms might be just a preliminary phase in ultimately allowing for majority nonlawyer ownership.

[3] However, D.C.'s rule is narrowly tailored to allow equity ownership only by those nonlawyer partners who actively assist the firm's lawyers in providing legal services, and does not allow for the sale of ownership shares to mere passive nonlawyer investors.

The U.K. had a similar rule barring nonlawyer ownership, but under reforms implemented by the Legal Services Act of 2007 law firms have been able to take on a limited number of non-lawyer partners and lawyers have been allowed to enter into a wide variety of business relationships with non-lawyers and non-lawyer owned businesses.