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: Legal Ethics ForumA sign of the (desperate) times . . .
Above the Law reports that an "asset management company" is seeking lawyers for full- or part-time IP work. The company is asking the lawyers to pay $300 per month in administrative fees for the privilege of joining the venture as "partners." Why would a lawyer agree to do this, aside from sheer desperation? The founder (who is a California lawyer) explains:
[This] is a ?management services company? not a law firm. ?So our partner attorneys can come up with ideas for possible legal services for companies,? he said. ?Our company is not bound by the solicitation and advertising restrictions on lawyers. We can go after these companies and then hire our lawyers to do the work.?
This can't be ethical, can it?
Full post as published by Legal Ethics Forum on May 05, 2010 (boomark / email).
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