Welcome to Southeast Takeaways, a weekly look at news of the legal profession that will highlight important developments to help you manage your firms, grow your practices and serve your clients better. We’ll bring you the most vital information from around ALM, but we’d love to hear from you too. I’m David Gialanella, and you can reach me at [email protected]
Florida recently joined the list of jurisdictions moving in the direction of authorizing nonlawyer ownership in law firms, the Daily Business Review reported. The Special Committee to Improve the Delivery of Legal Services urged the creation of a “Law Practice Innovation Laboratory”—commonly referred to as a “sandbox”—and for the passage of an ethics rule countenancing minority ownership stakes in law firms by nonlawyers, albeit with ethics standards still applied to the lawyers involved.