Attorneys pressing Jacoby & Meyers’ attack on New York State’s ban on law firms accepting outside investment from non-lawyers may have gotten a ray of hope Oct. 5 during oral arguments before the U.S. Court of Appeals for the Second Circuit.
Attorney James Denlea, after getting hammered by the panel for insisting he had standing to challenge Rule 5.4 of New York’s Rules of Professional Conduct, sat back and watched with pleasure as Judge John Walker Jr. (See Profile) asked Assistant Solicitor General Won Shin why the case shouldn’t just be remanded with instructions to amend the complaint and solve the standing problem.
