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Focus (Forum & Focus)

Jan. 15, 2008

Keep Away: Outside Investment in Law Firms Is Terrible Idea

Forum Column - By Kurt Melchior - Allowing outside capital investment in law firms is a bad idea.

FORUM COLUMN

By Kurt Melchior
This article appears on Page 6.

      An Australian law firm has completed a public offering of shares in the firm, and it is reported that Britain will soon allow the same thing. This constitutes a sea change in the nature of the legal profession.
      Lawyers had never been permitted to take direction from anyone other than their clients, and until the latest...

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