Ethics Rule Has Lit Funders Treading Carefully in Class Actions

, The Recorder

   | 2 Comments

Some industry players are steering clear of class actions because of a ban on attorneys sharing fees with nonlawyers. Others are willing to invest but structure their deals to avoid the rule.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Continue to Lexis Advance®

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com

What's being said

  • arjunrolarez

    Are you dreaming to become a successful and profitable trader? Google the website Superior Trading System they will be the answer to your dreams.

  • P Kennedy

    ABA and state ethics boards simply do not enforce the prohibition on fee sharing between attorney and non-attorneys on a uniform basis. Small legal firms with non-attorney partnerships fall under the radar. Large multidisciplinary firms continue to thrive without any substantial challenge by the bar. The ethical prohibition serves only as a vindictive option of the bar and as such selectively enforced. Time for the repeal of the prohibition.

Comments are not moderated. To report offensive comments, click here.

Preparing comment abuse report for Article #1202779263898

Thank you!

This article's comments will be reviewed.