Law Firm Risk Management Blog: Outside Ownership of Law Firms? IBM General Counsel Weighs In -: "While the UK moves forward implementing “alternative business structures,” that will allow outside ownership of law firms, Robert Webber, SVP for legal and regulatory affairs and general counsel at IBM argues against the US following suit in an interesting piece published in Businessweek. "Law Firms Should Spurn Outside Investments." He doesn't pull any punches:
"Imagine discovering that the law firm you hired to defend your company... is partly owned by private investors... [who] have financial stakes in the company that is suing you — and perhaps even stakes in the law firm representing your adversary.""
'via Blog this'
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