An Upbeat View: Nonlawyer Ownership of Law Firms

This article examines the two main objections to outside ownership of law firms. 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.

23 minute readOctober 29, 2007 at 04:40 PM
By
Milton Regan Jr.
An Upbeat View: Nonlawyer Ownership of Law Firms

'If this gets into the U.S., it'll be the end of law as a profession.'

That was the comment by 'Anonymous' onThe Wall Street Journal's Law Blog the

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