Sentences with phrase «nonlawyer owners of firms»

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

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.

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.

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.

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.