Commentary: Nonlawyer Ownership of Law Firms Might Not Cause the Sky to Fall
Milton Regan Jr.
The American Lawyer
August 14, 2007
...Consider the two main objections to outside ownership. The first is that it would permit nonlawyers to interfere with lawyers' exercise of professional judgment. The second is that the firm's duty to its shareholders would lead it to focus blindly on maximizing profits...
Friday, August 17, 2007
Non-lawyer ownership of law firms?
I've seen a few articles floating around about non-US law firms starting to or thinking about issuing stock or securities. I found an interesting commentary on the subject through Law.com:
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