Yesterday, Jacoby & Meyers Law Offices filed suit the Judges of The Connecticut Superior Court in Federal Court.
Read the complaint below the jump…
The suit seeks an injunction that if granted would abolish the prohibition on non-lawyers holding equity partnerships in law firms. Connecticut’s ethics rules prohibit non-lawyers from owning law firms.
In my opinion, it’s unlikely the injunction will be granted. The Connecticut Superior Court judges have broad authority to make rules for the legal profession. So long as those rules aren’t arbitrary they are valid. There is a presumption of validity.
The suit is is interesting and worth watching. If granted it could radically change the way law firms operate.
Click here for a copy of the complaint.