While individual asset managers may have had the requisite experience,
ownership of firms by minorities and women was more recent, so they didn't meet the institutional ownership threshold.
Many solicitors feel alternative business structures are a response to a problem they had no role in creating but allowing
non-lawyer ownership of firms could stomp out their often small or solo practices.
U.S.
Ownership of Firms in Canada: Issues and Policy Approaches, Canada-U.S. Prospects 3, by Steven Globerman.
For one thing, the commitment a firm makes by an invitation to partnership — granting partial
ownership of the firm for anywhere from 25 to 35 years — is so massive that it's irresponsible to do so without conducting a deep, long - range assessment of whether the firm will be well served by making this commitment.
Geely may have officially inked a deal to purchase Volvo Cars from Ford back in March, but it still faced several hurdles before it could officially
take ownership of the firm.
These contracts contain the clause at (TAR) 48 CFR 1252.219 - 71, Section 8 (a) Direct Award, which requires the 8 (a) contractor to notify the SBA and the contracting officer
when ownership of the firm is being transferred.
Substantive materials should first be published outside of social media — preferably on a firm - owned website with proper disclaimers,
establishing ownership of the firm's intellectual investment and expanding the firm's base of authorship.
There will be opportunity for partnership or
full ownership of the firm for the right individual, once AACI designation is attained.
These alternative business structures include
non-lawyer ownership of firms, as well as «one - stop shop» structures that include a range of professional services, legal and otherwise, for clients.
Taken as a whole, these amendments set the stage for The Law Society of Manitoba to move towards stronger and more effective protection of the public interest through a more diverse governing body, introduction of multi-disciplinary practices and opportunities for participation in and
ownership of firms by those outside the legal profession.
«With these changes, current and
future ownership of our firm will remain with our associates and management, ensuring our independence and providing flexibility and continuity as we work with our families through the years ahead.»
In 2007 we also started the process of changing
the ownership of the firm so that senior leadership had greater ownership.
This discussion, of course, included alternative business structures in the practice of law, i.e.: non-lawyer
ownership of firms.
Therefore, all compensation disputes involve a risk of partial (or total) partnership dissolution, and the movement of partners from firm to firm is a change in
the ownership of the firms, as well as the work force of the firms.
Each of these pillars of the legal profession we've always known is now buckling, along with many others (and that's not to mention potential changes to ethics standards such as client conflicts of interest and non-lawyer
ownership of firms).
He also suggests that non-lawyer
ownership of firms would help foster an innovative atmosphere in Canada's legal community.
The regulatory prohibition on non-lawyer capital and
ownership of firms is a major roadblock for the large - scale retail law firm model.
Ownership of these firms will change as well, from being 100 % - lawyer to probably 50 % +1 — maintaining putative lawyer control.
There seems to be merit in the possibility of lawyers, who might have been in practice for many years, and contributed as much as (if not more than) many solicitors to a law firm, to be invited into
the ownership of that firm.
(7) to detect and resolve conflicts of interest arising from the lawyer's change of employment or from changes in the composition or
ownership of a firm, but only if the revealed information would not compromise the attorney - client privilege or otherwise prejudice the client.