Changing of the Tide: Law Firm Fee-Sharing and Ownership with Nonlawyers
By Michael Abdan, Esq.
The ability of a lawyer to maintain their professional independence is critical to protecting and serving the public effectively. To this end, the American Bar Association passed Model Rule 5.4 in 1983, restricting an attorney’s ability to share fees and go into business with nonlawyers. The ABA maintained that allowing attorneys and nonlawyers to do business together would naturally
create tension between the client’s interest and that of the company.
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