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ABA Body Nixes Nonlawyer Ownership of Law Firms

By Riley Guerin | May 8, 2012
News

Law Office Management

May 8, 2012

ABA Body Nixes Nonlawyer Ownership of Law Firms

The American Bar Association's Commission on Ethics 20/20 won't recommend policies allowing nonlawyer ownership of law firms.

To make sure that private investors don't influence legal decisions to the detriment of clients, the American Bar Association's Commission on Ethics 20/20 won't recommend policies allowing nonlawyer ownership of law firms.

Composed of judges, law ethics professors, and liaison members from the ABA governing board, the ethics body earlier already rejected some forms of nonlawyer ownership allowed in other countries, including passive, outside nonlawyer investors, reports the Daily Journal.
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Riley Guerin

Daily Journal Staff Writer
rguerin@journaltech.com

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