A Likely Tipping Point For Nonlawyer Ownership Of Law Firms

Law360 (September 25, 2020, 5:08 PM EDT) -- On Aug. 27, the Arizona Supreme Court approved amendments to the Arizona Rules of Professional Conduct and the Arizona Supreme Court Rules that may have far-reaching impact on how lawyers operate in American society.

In a nutshell, Arizona's Supreme Court has achieved almost overnight what many reformers have been trying for 40 years to persuade the American Bar Association to do — to allow nonlawyers to profit from the practice of law. In this short essay we will review these sweeping reforms.

Since 1928, the ABA has been preoccupied with the belief that lawyers need to be insulated from capitalism. Elite...

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