4 ms·
A law firm is typically an LLP structure. LLPs are common even outside law firms and there is nothing I'm aware of that says only accredited/bar member lawyers
by speby 9y ago
A law firm is typically an LLP structure. LLPs are common even outside law firms and there is nothing I'm aware of that says only accredited/bar member lawyers can be the owners of these LLPs. Where are you getting that info from?
- matthewmcg 9y agoThe restriction referenced is the bar association rule adopted in nearly all U.S. Jurisdictions that prohibits lawyers from sharing legal fees with non-lawyers. Some non-U.S. Jurisdictions have similar rules but many don't. For example, there are publicly traded law firms in the UK.