Second Circuit Upholds Ban on Private Investment in Law Firms

, New York Law Journal


A federal appeals court on Friday rejected an attempt to loosen restrictions on private investment in the legal industry, dismissing arguments that ethics rules impinge on lawyers’ First Amendment rights.

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What's being said

  • Skelos Silver

    Our nation suffers too many, not too few lawsuits. So three cheers for this Second Circuit decision that, for now, will keep shysters from effectively selling stock in their shakedown operations.

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