Thursday, June 23, 2011

Should Nonlawyers Be Able to Invest in Law Firms?

Is the day coming when businesses will become shareholders and bankrollers in law firms? Attorney and blogger Anthony Volpe notes the positives and negatives on this hot issue.

Would nonlawyers understand that the duty is to the clients and not to the shareholders?

Would the public then perceive lawyers as only investment bankers looking for profits?

On the other hand, would investors give small firms the funds to finance taking on risky matters?

Alas, we have only the questions and not the answers.

(ljs)

http://lawprofessors.typepad.com/legal_skills/2011/06/should-nonlawyers-be-able-to-invest-in-law-firms.html

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