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Article
Tales of Two Regimes for Regulating Limited Liability Law Firms in the US and Australia: Client Protection and Risk Management Lessons
Legal Ethics
  • Susan Saab Fortney, Texas A&M University School of Law
Document Type
Article
Publication Year
2008
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.

Num Pages
11
Publisher
Routledge
FIle Type
PDF
Citation Information
Susan Saab Fortney. "Tales of Two Regimes for Regulating Limited Liability Law Firms in the US and Australia: Client Protection and Risk Management Lessons" Legal Ethics Vol. 11 Iss. 2 (2008) p. 230 - 240
Available at: http://works.bepress.com/susan_fortney/28/