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Thoughts on non-lawyer ownership of law firms?

I read on here about young lawyers who are waiting for boome...
rambunctious locus hissy fit
  11/23/14
there are a number of reasons why this would never happen, e...
Offensive translucent crackhouse
  11/23/14
What would those be?
rambunctious locus hissy fit
  11/23/14


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Date: November 23rd, 2014 11:16 AM
Author: rambunctious locus hissy fit

I read on here about young lawyers who are waiting for boomer partners to retire so they can take over their clients and become partners. But what if the ABA allows non-lawyer ownership of law firms? Seems like you would see some of the big firms going public so the partners could cash out, rather than just handing over their businesses to the junior people. Incidentally, this is basically what happened with the big private equity firms.

(http://www.autoadmit.com/thread.php?thread_id=2735816&forum_id=2#26777320)



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Date: November 23rd, 2014 11:18 AM
Author: Offensive translucent crackhouse

there are a number of reasons why this would never happen, even if the non-lawyer ownership prohibition didn't exist

(http://www.autoadmit.com/thread.php?thread_id=2735816&forum_id=2#26777333)



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Date: November 23rd, 2014 11:24 AM
Author: rambunctious locus hissy fit

What would those be?

(http://www.autoadmit.com/thread.php?thread_id=2735816&forum_id=2#26777353)