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 email@example.com, Ron Minkoff at (212) 705 4837 or firstname.lastname@example.org or any other member of the Frankfurt Kurnit Legal Ethics and Professional Responsibility Group.
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