- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Starting a Law Firm
Posted on 10/28/20 at 9:18 am
Posted on 10/28/20 at 9:18 am
Do you need to be a lawyer to start a law firm? Seems like anyone could do the "Morris Bart model". Own the firm and manage it, hire a bunch of attorney's and let them do all of the work only a lawyer is supposed to do. You as the owner can concentrate on marketing and management.
Seem like some businessman would have don this already.
Seem like some businessman would have don this already.
17
Posted on 10/28/20 at 9:19 am to Skippy1013
quote:
Do you need to be a lawyer to start a law firm?
Yes.
Posted on 10/28/20 at 9:19 am to Skippy1013
Only lawyers can own a firm
Posted on 10/28/20 at 9:21 am to Skippy1013
You have to be a lawyer.
Posted on 10/28/20 at 9:21 am to Skippy1013
By law, only lawyers can be owners of law firms
Even Morris Bart keeps his license active. He only manages the firm and probably doesnt know where any courthouses are anymore, but he's still got an active law license.
Even Morris Bart keeps his license active. He only manages the firm and probably doesnt know where any courthouses are anymore, but he's still got an active law license.
Posted on 10/28/20 at 9:21 am to Skippy1013
No idea, but it seems like a good idea. My aunt runs a small town law firm and it's ridiculous how bad she is with money. I can't believe she is still afloat.
Posted on 10/28/20 at 9:21 am to Skippy1013
Great. Just what we need.
Posted on 10/28/20 at 9:22 am to Skippy1013
The correct question should be “Do you have to be licensed to own a law firm?”
Posted on 10/28/20 at 9:22 am to Ash Williams
But a businessman can own a hospital. Lawyers got this thing all lawyered up 
Posted on 10/28/20 at 9:22 am to Skippy1013
I think all states specifically prohibit this and the Rules of Professional Conduct for Lawyers (adopted my most states) prohibit it, as well.
This post was edited on 10/28/20 at 9:23 am
Posted on 10/28/20 at 9:24 am to Skippy1013
Yes. Non-lawyers cannot own a law firm. In fact, when a lawyer is disbarred, he is forced to sell his practice. E Eric Guirard’s firm became Dudley Debosier when his licenses was suspended. In addition, if a lawyer who owns a firm dies and none of his heirs are lawyers, his estate has to sell the firm. He cannot pass down even a 1% ownership share to a non-lawyer.
Posted on 10/28/20 at 9:24 am to Skippy1013
I think Arizona allows it now. Most require at least joint lawyer/non-lawyer ownership.
A PA or NP can own a medical practice.
A PA or NP can own a medical practice.
Posted on 10/28/20 at 9:25 am to Roll Tide Ravens
quote:
I think all states specifically prohibit this and the Rules of Professional Conduct for Lawyers (adopted my most states) prohibit it, as well.
That's correct, at least in LA. Non-lawyers cannot have an ownership/equity stake in law firms. However, they can hold leadership positions (i.e., CFO, COO, CMO, etc.).
This post was edited on 10/28/20 at 9:26 am
Posted on 10/28/20 at 9:26 am to Skippy1013
quote:
Do you need to be a lawyer to start a law firm?
More than likely, yes.
You're gonna need a LOT of billboards...
Posted on 10/28/20 at 9:27 am to Skippy1013
You have to be a lawyer to own a law firm, but I know plenty non-doctors who own medical clinics.
Posted on 10/28/20 at 9:27 am to Skippy1013
I think you can own a stake in a law firm without being a lawyer in DC.
Posted on 10/28/20 at 10:07 am to Eric Nies Grind Time
What about the same question for owning an Accounting Firm or a Doctors Office?
Posted on 10/28/20 at 10:12 am to Skippy1013
By law, lawyers cannot share fees with non-lawyers.
Posted on 10/28/20 at 10:13 am to Skippy1013
quote:
Starting a Law Firm
quote:
Do you need to be a lawyer to start a law firm?
This post was edited on 10/28/20 at 10:14 am
Posted on 10/28/20 at 10:14 am to Ssubba
quote:
No idea, but it seems like a good idea. My aunt runs a small town law firm and it's ridiculous how bad she is with money. I can't believe she is still afloat.
Some IT guy working for a major Houston law firm embezzled them into bankruptcy a few years ago. They didn't have even the most basic accounting controls in place.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News