NY Attys Backing Outside Firm Investment Get 2nd Chance

Law360, New York (November 3, 2011, 2:27 PM EDT) -- A law firm pushing to overturn New York's bar on nonlawyer investment in law firms was given a chance to rework its case Thursday after a federal judge said he saw major problems in the high-profile challenge.

The firm behind the challenge, Jacoby & Meyers LLP, can amend its complaint, U.S. District Judge Lewis A. Kaplan said at a hearing on whether the case should be dismissed. Jacoby's lawyers spontaneously asked for a chance at a do-over after Judge Kaplan raised several issues with the allegations...
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