Law Practice
Apr. 18, 2012
ABA nixes nonlawyer firm ownership
ABA's Commision on Ethics 20/20 said in its meeting last week it won't propose changes to its policy of prohibiting nonlawyer ownership of U.S. law firms. So far, Washington, D.C. is the only U.S. jurisdiction allowing the practice.
Daily Journal Staff Writer
Nonlawyer ownership of U.S. firms will have to wait for another time.
The American Bar Association Commission on Ethics 20/20 at its meeting last week in Washington, D.C. decided it won't propose changes to its policy prohibiting the practice.
So far, the only U.S. jurisdiction that allows nonlawyer partnership in the United States is Washington, D.C., which implemented the practice in 19...
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