Tales of Two Regimes for Regulating Limited Liability Law Firms in the US and Australia: Client Protection and Risk Management Lessons

Authors

Susan Saab Fortney, Texas A&M University School of LawFollow

Document Type

Article

Publication Date

9-2008

Journal Title

Legal Ethics

ISSN

1757-8450

Abstract

This essay contrasts the regimes that allow limited liability partnerships in the US and fully incorporated legal practices in Australia. The essay argues that Australia has taken advantage of an opportunity to develop innovative and necessary regulation of law firm ethical infrastructure with the introduction of incorporated legal practices, but the United States has not yet adequately addressed the consumer and ethical risks of limited liability partnerships. This essay raises the issue of whether Australia’s requirement that incorporated law firms should implement “appropriate management systems” to ensure ethical conduct is a model that could fruitfully be applied to all law firms.

First Page

230

Last Page

240

Num Pages

11

Volume Number

11

Issue Number

2

Publisher

Taylor & Francis

Recommended Citation

Susan S. Fortney, Tales of Two Regimes for Regulating Limited Liability Law Firms in the US and Australia: Client Protection and Risk Management Lessons, 11 Legal Ethics 230 (2008).
Available at: https://scholarship.law.tamu.edu/facscholar/144

File Type

PDF