Sentences with phrase «permit alternative business structures»
The Court also enacted new attorney Rules of Professional Conduct in March 2015, which allows LLLTs to own a minority interest in law firms with lawyers, making Washington the first U.S. state to formally permit alternative business structures (ABSs), which is generally defined as non-lawyer investment and / or ownership in law firms.
http://www.sandsmckinley.com/ Not exact matches
The most controversial of those recommendations are those supporting liberalization of the legal services market and that lawyers be permitted to practice in alternative business structures.
The company has been an aggressive proponent of Alternative Business Structures (ABS), a law firm structure that permits non-lawyers to own law firms.
Most controversial among these is the proposal that «lawyers should be allowed to practise in business structures that permit fee - sharing, multidisciplinary practice, and ownership, management, and investment by persons other than lawyers or other regulated legal professionals,» in other words, alternative business structures.
The situation in the United Kingdom couldn't be more different: Such restrictions have largely been lifted, and under the Legal Services Act the creation of new ways of providing legal services — including through alternative business structures — is more than simply permitted; it is actively encouraged.
Not only does this structure permit us to meet our founding purpose — namely, high quality work for substantially less cost — but it also accelerates our evolution into an exceptional national — and to some extent international — law firm that provides businesses, law firms and attorneys with a viable alternative to traditional opportunities.
It was a bringing together of international speakers, thinkers and interested parties to discuss the possibility of allowing Alternative Business Structures (ABS) in Ontario — read: allowing outside investment in legal services providers, as is permitted in the UK and Australia.
The CBA's Futures report is generating a lot of conversation around its recommendations permitting alternative practice models, including alternative business structures.
Crudely, this legislation permits, in England and Wales, the setting up of «alternative business structures» — new types of legal business.
We should take a look at the «Alternative Business Structures» that English law now permits for investor ownership: high volume, high automation, low fun and low profits for the lawyers.
The NJSBA objected that the resolution assumes that nonlawyers should be permitted to provide legal services and that it implicitly endorses alternative business structures, in contradiction to «the core principle of our legal system that lawyers are singularly and uniquely qualified to provide legal counsel.»
In September 2012, the Law Society of Upper Canada (LSUC) formed its Alternative Business Structures (ABS) Working Group to explore alternative options to permitted law and paralegal firm Alternative Business Structures (ABS) Working Group to explore alternative options to permitted law and paralegal firm sStructures (ABS) Working Group to explore alternative options to permitted law and paralegal firm alternative options to permitted law and paralegal firm structuresstructures.
LSO dropped the investigation on the grounds that the regulator was at the time considering allowing alternative business structures (ABS), which would have permitted non-lawyers to own entities providing legal services.
As McCarthy Tetrault General Counsel Malcolm Mercer pointed out to me and members of the Canadian Association for Legal Ethics on our listerv,» the approval of nearly 50 ABSs [Alternative Business Structures]... in England and Wales in 2012 (with the counterpoints of [the ABA's Ethics 2020 Commission] electing to do nothing on the issue in the US and New South Wales in Australia having permitted non-lawyer ownership of ILPs [Incorporated Legal Practices] for the last decade without a «fitness to own» requirement) is important context and perhaps impetus for Canada».
Anyone who has an informed interest in alternative business structures (ABS)-- structures that permit outside investment in law firms — will know that Australia, not the UK, was the first country to allow outside investment into law firms.