Nonlawyer Investment Lawsuit Focus Shifts to Conn.

Jacoby & Meyers drops N.J. claim, awaits rulings in two other states

In 2011, the national personal injury firm Jacoby & Meyers sparked debate by filing lawsuits in three states that challenged bans to nonattorney investment and ownership in law firms. The idea was to infuse new financial blood into what some saw as an outdated business model.

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What's being said

  • Steve Gacovino

    It will be interesting to see if more lawsuits will be forthcoming in other states and how it will effect the traditional law firm business model.

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