Sentences with phrase «firm by nonlawyers»
Save for one exception, the District of Columbia is the only jurisdiction in the U.S. that under very limited circumstances actually permits ownership or management of a law firm by nonlawyers.
http://notjustforlawyers.com/ Not exact matches
Money is too powerful and the nonlawyer string pullers would demand financial coverage, not just for our current costs of (a) overhead, (b) income to the lawyer, and, if you are in a firm large enough to be subject to billing targets set by management / compensation committees, (c) return to the partners, but also (D) profits to the string pullers.
This notion of a niche offering by nonlawyer service providers for otherwise pro se clients provides opportunities for LLLTs and firms to leverage the unique offering because the LLLT does not need to be supervised like a paralegal.
Note About Terminology: A variety of terms are used to refer to organizations that are owned and / or managed by one or more nonlawyers and / or that are multidisciplinary practices (in other words, to refer to legal service providers that are not the traditional structures of either sole practitioner or law firm partnership).
The Rule does not permit a nonlawyer to start a law firm by hiring a couple of associates.
Washington, however, does not ban firms owned by nonlawyers.
(6) the lawyer partners in the firm make reasonable efforts to establish that each nonlawyer with a financial interest in the firm is of good character, supported by evidence of the nonlawyer's integrity and professionalism in the practice of his or her profession, trade or occupation, and maintain records of such inquiry and its results; and
Does it — could it — also encompass structures, be they companies or other types of organizations, that are owned in whole or in part by nonlawyers, and that provide legal services outside the limited contexts of existing companies like the ones listed above, but in «nontraditional» manner such that it could be difficult to describe the structure as a traditional «law firm»?
[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.
To date, the greatest advances in legal operations have occurred in legal departments, yet the same inventive methods and mindsets are cropping up in traditional law firms and sophisticated «New Law» companies funded by nonlawyer investors.
The Chicago - based group is led by a board that includes academics, law firm partners, corporate counsel, government attorneys, and nonlawyers, and it receives financial support from law firms, corporations, bar associations, and individuals.
Lawyers in most places are not permitted to share fees with nonlawyers, practice in firms owned by both lawyers and nonlawyers, use nonlawyers to feed business to lawyers, or list unlicensed nonlawyers as legal practitioners on stationery or advertising.