American Bar Association’s New Commission
12/06/11
American Bar Association’s New Commission
It is being considered to suggest that non-lawyers should be allowed to take a stake on justice in law firms for which they work. Non lawyers are urging that an already existing ban should be maintained on the outside investment in U.S. firms. If the panel's proposal advances, the move to let non lawyers get a piece of firms that employ them would not become an ABA model rule for more than a year. It would still need to be adopted by individual states. Almost all 50 states currently ban such non lawyer ownership of law firms, Washington, D.C., has allowed it for more than two decades.
American Bar Association’s New Commission
It is being considered to suggest that non-lawyers should be allowed to take a stake on justice in law firms for which they work. Non lawyers are urging that an already existing ban should be maintained on the outside investment in U.S. firms. If the panel's proposal advances, the move to let non lawyers get a piece of firms that employ them would not become an ABA model rule for more than a year. It would still need to be adopted by individual states. Almost all 50 states currently ban such non lawyer ownership of law firms, Washington, D.C., has allowed it for more than two decades.
