Law Firm Ownership

19 May 2011 at 10:19 AM
Legal Ethics, Partner Issues

Because Walmart Really Should Be Allowed To Own A Law Firm

By Elie Mystal

Every so often, we need to ask the question: Why do lawyers have to run law firms? Just because that’s the way it always has been doesn’t mean that it’s the right way to do things. Law is a business — obviously — so why can’t business people run them?

Things are the way they are now because of legal ethics rules barring non-lawyer ownership of legal practices. That’s not the only way to do it; England and Australia have no such bans.

We do in America, but hey, laws can change. At least that’s what Jacoby & Meyers is hoping.

Yeah, that Jacoby & Meyers….

Continue reading “Because Walmart Really Should Be Allowed To Own A Law Firm”

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Tags: Jacoby & Meyers, Law Firm Ownership, Legal Ethics, Partner Issues

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Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: asia@kinneyrecruiting.com.

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Above the Law

A Legal Tabloid - News, Insights, and Colorful Commentary on Law Firms and the Legal Profession

Managing Editor: David Lat
Editor: Elie Mystal
Assistant Editor: Staci Zaretsky
Contributors: Kashmir Hill, Marin, Mark Herrmann, Jay Shepherd

Law Firm Ownership

Because Walmart Really Should Be Allowed To Own A Law Firm

Sponsored Content

My Big Law Student Loan Debt

Sponsored Content

LexisNexis® Digital Library

Sponsored Content

Hong Kong/China and Singapore US Associate Lateral Markets Improving With New Openings In Cap Markets, M&A, Fund Formation, Project Finance And FCPA / White Collar Litigation

Video Profiles for Job Seekers

Contact Us

Editorial Staff

How Can We Help You?

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