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January 30th, 2014
Business Arrangements with Non-Legal Entities
In the current legal and economic climate, some lawyers are considering business arrangements with non-legal entities. A new ethics opinion by the Committee on Professional Ethics of the New York City Bar Association discusses important ethical issues raised by such business ventures. According to the opinion, lawyers should ask themselves several questions before entering into a relationship with a non-legal business, including:
- Does the arrangement constitute improper fee-splitting?
- Does the non-legal business entity engage in the unauthorized practice of law?
- Does the payment structure amount to payment of an impermissible referral fee?
The ABA/BNA Lawyers' Manual on Professional Conduct covered the development on page 1 of its current issue. We hope you find the article and the opinion helpful.
Nicole Hyland, a partner in the Frankfurt Kurnit Legal Ethics & Professional Responsibility Group, chairs the New York City Bar Association's Committee on Professional Ethics.
If you have any questions about business arrangements with non-legal businesses, or any other legal ethics matters, please contact Nicole Hyland at (212) 826 5552 or firstname.lastname@example.org, Ron Minkoff at (212) 705 4837 or email@example.com or any other member of the Frankfurt Kurnit Legal Ethics and Professional Responsibility Group.
Other Legal Ethics and Professional Responsibility Alerts
Non-Party Has Sufficient Interest to Disqualify Law Firm from Second Circuit Case
At the request of a non-party, the US Court of Appeals for the Second Circuit recently disqualified the law firm BakerHostetler LLP ("Baker") from representing its client Prevezon Holdings Ltd. ("Prevezon").
October 24 2016
Less Exposure: New York Appeals Court Finds Privilege For Law Firm In-House Counsel
A New York appeals court gave attorneys a reason to celebrate just before the July 4th holiday weekend.
July 11 2016
Watch What You Say: New York Court Rule Will Expose More Attorney-Client Communications
Anyone who has ever had to litigate a dispute knows how important the attorney-client privilege is.
June 16 2016