Law Firm Risk Management Blog: "Outside Ownership of Law Firms? IBM General Counsel Weighs In"

Interesting post at Law Firm Risk Management Blog. When I hear the debates about opening up ownership of US law firms, I remain puzzled about who favors it. A top lawyer at IBM thinks the idea isn't good for clients. If the argument is that outside ownership will increase legal services for the poor, I remain doubtful and worry about how insitutional investors will view the economic opportunities of representing the poor. It would be far better, it seems to me, to simply the law that applies to the lives of those in the lowest socio-economic strata and to open up new, cheaper ways for people to become lawyers. If the argument is that plaintiffs' firms need more access to capital, I remain doubtful that they can't already get all the capital they need. I'm not necessarily agasint outside investment. I just don't see how it would be an improvement for clients.

Read more detail on Recent Legal Ethics Posts –

Legal notice about the Law Firm Risk Management Blog: "Outside Ownership of Law Firms? IBM General Counsel Weighs In" rubric : Hukuki Net Legal News is not responsible for the privacy statements or other content from Web sites outside of the Hukuki.net site. Please refer the progenitor link to check the legal entity of this resource hereinabove.

Do you need High Quality Legal documents or forms related to Law Firm Risk Management Blog: "Outside Ownership of Law Firms? IBM General Counsel Weighs In"?

This entry was posted in Legal Ethics and tagged , , , , , , , , , . Bookmark the permalink.

Leave a Reply