Although Jacoby & Meyers has dropped its New Jersey lawsuit, the firm continues to pursue its battle to overturn bans on nonlawyer investments in law firms through federal litigation in New York, said Andrew Finkelstein, who leads the regional personal injury firm.
Jacoby & Meyers on Monday voluntarily dismissed its suit challenging New Jersey’s ban on law firm ownership by non-attorneys, after declining to follow a federal judge’s instruction to bring the issue before a committee of the New Jersey Supreme Court.
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