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Home / Featured Post / Bill would allow non-lawyers to own stake in firms (access required)

Bill would allow non-lawyers to own stake in firms (access required)

A bill introduced in the Senate Wednesday that would allow non-lawyer ownership of a professional corporation law firm is already getting some attention from the N.C. State Bar. The bill would allow non-lawyers to own up to 49 percent of a firm.  Non-lawyers are banned from owning law firms by the American Bar Association's Model Rule 5.4, ...

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