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Private Investment in US Law Firms by Non-Lawyers.

5.4 of the ABA Rules of Professional Responsibility prohibits a non-lawyer from investing in a law firm.

The Rule states:

(a) A lawyer or law firm shall not share legal fees with a nonlawyer…
(4) (b) A lawyer shall not…
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4 Replies · Reply by Michael J. Thomas Oct 28, 2014
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