Non-lawyer ownership of organizations providing legal services is a broad topic encompassing solos sharing their operating accounts with their spouses all the way to publicly traded law firms. As California considers rule changes that would allow non-lawyer ownership, this episode explores what non-lawyer ownership may look like, common arguments in support of the ban, thoughts on whether the ban actually protects against the supposed risks of non-lawyer ownership, and the California proposals to permit those without law licenses to participate financially in entities that provide legal services. This episode even addresses the fear that Walmart will open a law firm in every store — and why that possibility is not such a bad idea.
Resources Mentioned: Bar website for public comment
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