ABA Is Defending Profession's Values From Monied Influences

By Stephen Younger (September 8, 2022, 5:58 PM EDT) — Two law firm partners recently authored a Law360 guest article disagreeing with my public comments that it was a “huge victory for all lawyers”[1] when the American Bar Association recently reaffirmed its long-standing opposition to nonlawyer ownership of law firms.

I am very proud to have helped serve the interests of our legal profession in defending this critical core value and write to respond to the positions taken in that guest article.

The prohibition against lawyers sharing profits with nonlawyers has been enshrined in Rule 5.4 of the ABA’s Model Rules of Professional Responsibility since the very first iteration of those…

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