Multidisciplinary Practice

Multidisciplinary practice, the ability of lawyers engaged in the practice of law to combine and share profits with non-lawyers, is a reality in Europe and other countries, but the subject of much debate in the American Bar Association, American law schools, and law firms across the country. Current...

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Bibliographic Details
Published in:The Business Lawyer 2000-05, Vol.55 (3), p.951-974
Main Author: Fischel, Daniel R.
Format: Article
Language:English
Subjects:
Accounting firms
Analysis
Attorneys
Attorneys fees
Big Five accounting firms
Business structures
Commercial law
Critics
Ethical aspects
Fees
Law firms
Lawyer client communication
Legal ethics
Legal practice
Legal services
Litigation
Multidisciplinary law firms
Multidisciplinary practices
Professional practice
Self interest
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Summary:Multidisciplinary practice, the ability of lawyers engaged in the practice of law to combine and share profits with non-lawyers, is a reality in Europe and other countries, but the subject of much debate in the American Bar Association, American law schools, and law firms across the country. Currently, Rule 5.4 of the Model Rules of Professional Conduct, adopted by every state, prohibits lawyers from forming multi-disciplinary practice firms (MDPs). Dean Fischel of the University of Chicago School of Law argues that opposition to multidisciplinary practice is misguided. He maintains that the legal profession should welcome multidisciplinary practice as creating new opportunities and challenges for its members.
ISSN:0007-6899
2164-1838