Not exact matches
Ronald Minkoff speaks on alternative billing,
non-lawyer equity compensation, and management of firms by
non-lawyers at the NJ CLE program «The
Business of Law: Does It Have to Be Profits vs. Ethics.»
If,
non-lawyers are allowed to have
equity ownership in law firms and, for example, an insurance company partially or completely owns a law firm which defends its insureds in personal injury cases, the independent professional judgment of the lawyers working for the firm may take a back seat to the
business goals of the insurance company.
• Introducing the regulatory framework for law practices to adopt a limited form of alternative
business structure - Legal Disciplinary Practices (LDPs)- such that valued
non-lawyer employees can now take
equity in the firm.