New York City Bar cautiously welcomes MDP profit scheme
The New York City Bar has given its qualified support formultidisciplinary partnerships (MDPs).The Bar’s decision follows an American Bar Association (ABA) commission’srecommendation that lawyers should be allowed to share their profits withother professionals in MDPs.The executive committee says the “core values” of lawyers should prevailin an MDP. Its strongest objection is to MDPs providing both […]