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An Upbeat View: Nonlawyer Ownership of Law Firms

By Milton Regan Jr.
October 29, 2007

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

That was the comment by 'Anonymous' on The Wall Street Journal's Law Blog the day after Australian law firm Slater & Gordon held a public stock offering. 'Anonymous' probably spoke for many who follow the legal profession. Those folks will be even more agitated when pending legislation in the United Kingdom goes into effect that will permit firms there to issue stock as well.

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