The Abbott government has given its strongest indication yet that it will
relax restrictions on media
ownership, paving the way for more consolidation of the industry.
However, I am not opposed to considering lesser changes such as: (1)
relaxing some of the fee - sharing
restrictions currently imposed on multi-disciplinary partnerships, (2) permitting law firms to use other types of corporations besides professional corporations, or (3) permitting long - time employees of a law firm to have a small
ownership interest in a law firm, at least while they are employed by that firm.