I. Professional Independence of Lawyers Flashcards
1
Q
Is Lawyer allowed to form Partnership with Non-Lawyers (Accountant/Broker)?*
A
If Partnership involves practice of law => NO!!!
2
Q
When is fee splitting with Non-Lawyers allowed?*
A
Payment of death benefits to Lawyer’s estate/specified persons!!!
Payment to deceased/disabled Lawyer’s representative
- Following purchase of deceased/disabled Lawyer’s law practice (Law Firm’s assets)!!!
Payment of compensation (earned fees) + retirement plans to Non-Lawyer employees!!!
- Even if based on profit-sharing arrangement
Sharing of court-awarded legal fees with Non-Profit Organisation
- Lawyer must be employed/retained/recommended employment by Non-Profit Organisation!!!
3
Q
May Non-Lawyers hold stock in Law Firms?*
A
NO!!!
