Sentences with phrase «lawyer ownership models»
The discussion paper suggests that small firms will be the most likely to employ non — lawyer ownership models.
https://lawyerist.com/ Not exact matches
This video was taken of my presentation, Lawyers in Wonderland, or Why the ABA Should Undertake a Wholesale Reformation of Model Lawyer Ethics Rules, and Specifically Rule 5.4, which Currently Prohibits Non-Lawyer Ownership or Investment in Law Firms, at ReInvent Law Laboratory's London Conference in June, 2014...
The talk was entitled, Lawyers in Wonderland, or Why the ABA Should Undertake a Wholesale Reformation of Model Lawyer Ethics Rules, and Specifically Rule 5.4, which Currently Prohibits Non-Lawyer Ownership or Investment in Law Firms.
[42](Later, on August 19, 2013, the ABA Standing Committee on Ethics and Professional Responsibility issued Formal Opinion 464, which clarifies that a lawyer subject to Model Rule 5.4 may share fees with a law firm practicing in a jurisdiction that permits nonlawyer ownership, even if those fees might be distributed to a nonlawyer, provided that there is no interference with the lawyer's independent professional judgment).
There has been a lot of debate over what adverse effects alternative business structures and ownership models will have on the core values of the legal profession, including lawyer independence, client confidentiality, and the duties owed by lawyers to a client — particularly the duty to avoid conflicts of interest.