While the American Bar Association’s policymaking body this week rejected proposals for lawyers to share law firm ownership and legal fees with other professionals, the issue is far from settled, say some observers, who note the legal industry is increasingly facing rivals from other industries and must transform to keep up.

Impeding legal fees from being shared with non-J.D. holders won’t stop tech companies, the Big Four and management consultants from offering their services to law firm clients, said observers.

This content has been archived.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

Why am I seeing this?

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]