Sentences with phrase «nonlawyer owners»

Finally, if nonlawyer owners could invest in law firms, Heller might have had access to a permanent source of capital to stay afloat and would not have had to rely on bank loans alone.

Most lawyers truly are not vultures (some are), but all nonlawyer owners and their executives would be, in furtherance of their profit seeking, their duties to their shareholders and their desires for the cushiest executive perks possible.

To distinguish firms that have nonlawyer owners or managers, or that engage in multidisciplinary practices, from traditional law firms and sole practitioners, the U.K. rules provide for a new kind of legal company, referred to as an alternative business structure.

As Ribstein points out, U.S. ethics rules prohibit nonlawyer owners of firms.

What matters is not whether we doom our profession to the diktats of nonlawyer owners.

The nonlawyer owner must be an individual professional who is providing services within the firm.

I am not aware of any complaints made, and there are no reported disciplinary actions that were connected to the activities of a nonlawyer owner or to the fact that a firm had a nonlawyer owner.

The steps the applicant has taken to identify and resolve any potential conflicts of interest with respect to any nonlawyer owner or manager,

Not exact matches

I understand that in countries like the US and Canada there is opposition to ILP - type structures in part because of a belief that as owners of a law firm, nonlawyers would cause the firm to act unethically.