NY Atty General Slams Jacoby's Nonlawyer Investment Suit

Law360, New York (August 9, 2013, 7:34 PM EDT) -- The New York attorney general’s office Friday fired back at Jacoby & Meyers Law Offices LLP's revived federal suit challenging a New York rule barring law firms from selling stakes to nonlawyers, saying the claims are meritless and appear frivolous.

In a brief supporting a motion to dismiss the law firm’s second amended complaint, New York Attorney General Eric T. Schneiderman defended New York Rule of Professional Conduct 5.4, along with 12 other state statutes, which Jacoby & Meyers challenged in its attempt to attract nonlawyer...
To view the full article, register now.