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December 08, 2011 |

ABA panel recommends nonlawyer equity stakes

An American Bar Association commission on the future of the legal profession is recommending equity stakes for law firm employees who aren't lawyers but not outright ownership.
4 minute read
December 07, 2011 |

ABA Panel Says No to Outside Law Firm Ownership

The has panel recommended allowing nonlawyers to own a piece of firms where they are employed, but this would not become an ABA model rule for more than a year, and would still need to be adopted by individual states.
4 minute read
December 29, 2009 |

In re Ruby G. Emanuel

Free With Registration: Disbarred Attorney Blocked From Share in $1.2 Million Fee After Refusal to Turn Over Files, Flight From Contempt Charges
23 minute read
April 18, 2012 |

ABA Shelves Nonlawyer Ownership Policy Change

Jamie Gorelick, co-chair of the commission and a partner at Wilmer Cutler Pickering Hale and Dorr, said the members took into account comments from the legal community before making a decision.
2 minute read
November 16, 2011 |

Looking Back at Significant 2011 Cases

In his Law Firm Partnership Law column, Arthur J. Ciampi, the managing member of Ciampi LLC, writes that this year saw interesting decisions and actions in New York state and federal courts which addressed issues affecting law firms in the bankruptcy context, challenged the ban on non-lawyer investors in law firms, applied res judicata to limit duplicative claims in law firm partnership disputes, construed law firm agreements concerning amounts owing to former partners, and applied CPLR 3213 in the law firm context.
8 minute read
December 05, 2011 |

ABA Panel Says No to Outside Law Firm Ownership

4 minute read
December 29, 2009 |

Lawyer's Misconduct Costs Him Any Share of $1.2 Million Fee

A maritime lawyer's misconduct, including his flight from New York to avoid arrest on contempt charges, has disqualified him from sharing in a contingency fee for work performed prior to his disbarment, a federal bankruptcy judge ruled last week. Disbarred lawyer Kenneth Heller's refusal to turn over files in a matter that ultimately was resolved with a $3.7 million settlement was "symptomatic" of a 24-year record of "utter contempt for the judicial system," Judge Stuart M. Bernstein wrote.
5 minute read
March 19, 2012 |

VERDICTS & SETTLEMENTS

6 minute read
January 01, 2012 |

Questions & Answers / Robert Weber

IBM's general counsel argues that lawyers have special obligations that should rule out nonlawyer investors.
4 minute read

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