Attorneys Owning Shares of Corporate Clients: Business as Usual?

By Benjamin K. Sanchez

Lawyers wanting to get in on the ground floor of a new business or looking for another way to obtain clients have found equity ownership in their client’s business a useful technique to accomplish their goals as well as those of their clients. In this fee arrangement, the lawyer represents the business and provides legal services in exchange for a certain percentage of the business, usually in the form of stocks. The ownership interest is paid in lieu of some or all of the lawyer’s fee.

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