Is the exclusion of “non-lawyers” from ownership of law firms simply a relic of the belief in lawyers’ superior morals? And is lawyers’ professionalism dependent on that particular organizational structure?
Those were questions raised in Tuesday night’s wide-ranging Twitterchat hosted by Monica Goyal, a partner in Aluvion Law and a member of the CBA Legal Futures Initiative’s Innovation and Business Structures team.
One of the most frequent objections to the idea of changing the current regulations regarding the ownership of law firms is the purported impact this will have on the professionalism of those involved.
“Is the reservation to diversifying . . . [more]