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Crucial Exams

Multistate Professional Responsibility Exam Practice Question

Three attorneys, all licensed in State X, want to practice together by forming a professional corporation that will offer legal services to the public. According to the ABA Model Rules of Professional Conduct governing ownership and fee sharing in such entities, which of the following proposed arrangements would comply with the rules?

  • A non-lawyer holds a minority share of stock in the corporation.

  • Because it is a separate legal entity, the corporation is exempt from the Rules of Professional Conduct.

  • The three lawyers are the sole shareholders and corporate directors.

  • The corporation agrees to pay an outside marketing company a percentage of legal fees as a commission.

Multistate Professional Responsibility Exam
Regulation of the legal profession
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