Tampa Bay Attorney

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Legal representatives from our considerable network prepare to answer your inquiry. The U.K. had a similar policy disallowing nonlawyer possession, yet under reforms implemented by the Legal Solutions Act of 2007 law firms have actually been able to tackle a restricted variety of non-lawyer companions and lawyers have actually been enabled to become part of a variety of organization relationships with non-lawyers and non-lawyer had businesses.

Several large law firms have transferred to a two-tiered collaboration design, with equity and non-equity companions Equity companions are considered to have ownership stakes in the firm, and share in the revenues (and losses) of the firm.

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