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.
Featured Articles
-
What Is a Truck Accident Claim?
What Is a Truck Accident Claim? A truck accident claim is a legal demand for compensation filed by someone injured in a collision involving.
-
What Is a Workplace Injury Claim?
What Is a Workplace Injury Claim? A workplace injury claim is a legal request for benefits or compensation filed by an employee who is.
-
What Is an Affirmative Defense?
What Is an Affirmative Defense? An affirmative defense is a legal argument raised by a defendant that, if proven, can reduce or eliminate liability.
Meet our Contributors
Steven R. Young
Trial Lawyer
Law Offices of Steven R. Young
Brewster Rawls
Founder
The Rawls Law Group
Michael Abdan
Partner
CloudLex
Chad Sands
VP, Markeitng & Editor
CloudLex, Trial Lawyer's Journal
Michael Harris
Partner
Jordan Law
Daniel Kaufman
Artist
Daniel Kaufman Artist
Hunter J. Shkolnik
Partner
Napoli Shkolnik
Stacy Brown Randall
Author and Referral Coach
Stacy Brown Randall
Discover Next
Insights from Experts
Learn from industry experts about key cases, the business of law, and more insights that shape the future of trial law.