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November 20, 2012
STATE BAR ASSOCIATION REMAINS OPPOSED TO
NONLAWYER OWNERSHIP OF LAW FIRMS
The New York State Bar Association has continued its long-standing
opposition to nonlawyer ownership of law firms by approving a report
that concluded that nonlawyer ownership should not be permitted in New
York State at this time.
The Association’s House of Delegates, at its November 17
meeting, approved the recommendations contained in a 115-page report
issued by the Task Force on Nonlawyer Ownership. Former State Bar
President Stephen P. Younger of New York City (Patterson Belknap Webb
& Tyler) chaired the task force.
“Clients, attorneys and the legal community are best served
when the financial interests of lawyers and nonlawyers remain
separate,” said State Bar President Seymour W. James, Jr. (The
Legal Aid Society in New York City). “After careful consideration
of this issue, the State Bar Association continues to believe that, at
this time, nonlawyer ownership of law firms would have a negative impact
on the practice of law in New York state.”
To read the entire press release, click here.
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