Law360 (January 19, 2021, 6:16 PM EST) — Productive Jan. 1, Arizona grew to become the very first state in the U.S. to permanently eradicate the commonly adopted ethical rule prohibiting nonlawyers from possessing economic passions in law companies.
The Arizona Supreme Courtroom eradicated the charge-sharing prohibition to improve accessibility to justice and stimulate innovation in the delivery of authorized solutions, and I get no concern with these salutary aims.
The court docket classified firms with blended lawyer and lay possession as alternate organization structures which will have to be licensed by the court.
This write-up addresses just one aspect of the different small business structures that has been given scant focus: the likelihood that the moment…
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