Fairfield attorney Fred Ury, the Eveready Rabbit of the law who many wish would just go away, is at it again, circulating an intriguing paper from the Ontario Law Society about alternative business structures for law firms.
The premise is that to be competitive, lawyers must have the ability both to join forces with non-lawyers in multi-disciplinary practices and to allow for non-lawyer investment in law firms. Both ideas are not new, and both have been resoundingly rejected by the American Bar Association solons as the first steps towards the destruction of the profession. Yet Australia, England and Wales have already permitted them and quite apart from harming the profession, the new rules have worked quite well to allow lawyers access to capital and to grow their practices together with others in collaborative, multi-disciplinary firms.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
