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In his Professional Responsibility column, Anthony E. Davis examines the New York State Bar Association's latest effort to address whether New York law firms can be owned by and New York lawyers can work for firms owned by nonlawyers.
In this article, Anthony looks back at a column titled "Lawyer Ownership of Alternative Business Structures: A Tiny Step Towards the Future," which examines Formal Opinion 499 issued by the American Boar Association's Standing Committee on Ethics and Professional Responsibility (Opinion 499).
You can read “Nonlawyer Ownership of New York Law Firms" published by the New York Law Journal on February 1, 2022, at the NYLJ website (subscription may be required).