Tuesday, March 15, 2011

North Carolina considers whether to allow non-lawyers to buy interests in law firms

According to a comment by popular New York blogger (and personal injury attorney) Eric Turkewitz, there is a bill pending in North Carolina that would allow non-lawyers to buy up to 49% interests in law firms which he argues "violates the age old prohibition on sharing legal fees with non-lawyers, and is one hell of a lousy idea." He makes a pretty convincing argument in his post which you can read in full by going here.

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