In a spirited defense of a court rule barring non-lawyers from holding an ownership interest in a law firm, the New York attorney general is asking a federal court to dismiss a Jacoby & Meyers lawsuit the state deems meritless on the law and dangerous to the legal profession and its clients.
Jacoby & Meyers is attempting to overturn New York Court Rule 5.4, which prohibits law firms from accepting outside investment. The personal injury firm contends the rule infringes on its constitutional rights.
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