Tuesday, April 5, 2011

Alternative Business Structures for US Law Firms? More News and Views...

With several countries allowing (or moving to allow) private investment in and ownership of law firms, many in the US are paying close attention. A few weeks ago, one US state senator introduced legislation to follow suit.

Now the ABA Commission on Ethics 20/20 has released an issue paper providing a very detailed summary of the alternative business structure landscape, including a review and comparison of approaches taken in a variety of international jurisdictions.

Writing on this same topic, a law school professor explores the implications of: "The Goldman Model for Big Law?" (See also community discussion in the response comments.)

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