Southern District Judge Lewis A. Kaplan said Jacoby & Meyers' suit over Rule 5.4 of the state's Rules of Professional Conduct must fail because the rule is not the only one in New York that "forecloses plaintiffs from receiving non-lawyer equity investment," but it was the only one challenged by the firm.
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Judge Rebuffs Challenge to Ban on Non-Lawyer Firm Ownership
New York Law Journal
March 9, 2012
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