For reprint rights or to purchase a copy of your Daily Journal photo, email Jeremy_Ellis@dailyjournal.com for prices or call 213-229-5424.

To buy more copies, call 866-531-1492 or email subscribe@dailyjournal.com
This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

Perspective

Apr. 14, 2009

The Law of Evolution

Sokolove Law CEO Michael J. Skoler speculates that with changes under way in legal systems around the globe, a transition to non-lawyer ownership of U.S. law firms is inevitable.

INSIGHT COLUMN

By Michael J. Skoler

American law firms are steeped in a long history of self-governance and private ownership. In fact, state laws and professional ethics rules prohibit the selling of shares in law firms to non-lawyers. However, as layoffs and economic difficulties continue to plague the legal industry, it begs the question: Can law firms continue to prosper in a global economy without access to the capital markets?

Law firms are cons...

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?

Enewsletter Sign-up



By using our website, you agree to our use of cookies in accordance with our cookie policy. You can learn more about how we use cookies by reviewing our Privacy Policy here.