Texas Bar Proposes Ethics Rule Curbing Revenue Sharing with Nonlawyer-Owned Legal Services

The State Bar of Texas has put forward a proposed ethics opinion that could significantly impact the way lawyers interact with nonlawyer-owned businesses offering legal support services. According to this opinion, attorneys are discouraged from sharing revenue percentages with such entities. This move is intended to ensure that core ethical standards are upheld within the legal profession. However, there is a provision that allows attorneys to maintain equity interests in these companies, provided certain conditions are met. This nuanced approach reflects ongoing debates around maintaining integrity while fostering innovation and collaboration in the legal services market. For further reading on this development, visit the original article on Law360.