Should Law Firms Be Owned By Non Lawyers
Jacoby & Meyers, the New York-based personal injury firm, believes that law firms should be allowed to be owned, at least partially, by non-lawyers. They’ve even filed a lawsuit in New York challenging the state rule that specifically bars attorneys from practicing in firms or businesses in which a non-lawyer has any interest. If they prevail, it could mean that firms might be able to raise funds from a plethora of other sources, including outside investors....