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"Better" is a value judgement, and the specific value you've chosen is "makes more money". One concern, I think, is that a non-lawyer may push employees towards
by likpok 7y ago
"Better" is a value judgement, and the specific value you've chosen is "makes more money". One concern, I think, is that a non-lawyer may push employees towards legally-unethical behavior. Since the non-lawyer can fire the lawyers, that gives them a big stick they can use to influence the employees.
- siegel 7y agoLawyers are subject to ethical requirements that are not imposed on non-lawyers. And those ethical requirements are just that - requirements. If a lawyer breaks them, they jeopardize their entire careers. There's no equivalent for a professional CEO. Clients insist that their attorneys act in a fiduciary capacity. This is very different from the chip engineer scenario. It is the most important reason why non-lawyers are not allowed to own law firms. Because non-lawyers are not bound by rules that require them to put profit motives second in many circumstances.