1. MODEL RULE 5.4.
- Author
-
DeMeola, Zachariah and Houlberg, Michael
- Subjects
- *
LEGAL professions , *LAWYERS , *ASSET backed financing , *CUSTOMER satisfaction , *LAW firms - Abstract
To serve a client's bestinterest, a lawyer musthave independentjudgment--it is thebedrock of any attorney'sethical obligations. Because the company wasnot wholly owned by lawyers,the lawyer cofounderfaced disbarment, andthe founders closed thebusiness. According to the 2020 surveyLaw Firms in Transition fromAltman Weil(https://tinyurl.com/3new4u48), 69 percent ofattorneys in firms with fewerthan 250 lawyers indicated theirfirms were losing business tocorporate law departments;nearly 14 percent reported losingbusiness to alternative legalproviders. [Extracted from the article]
- Published
- 2021