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Fee-Splitting Conflicts of Interest

Baker Botts L.L.P.

An Attorney's Ethical Obligations to the Client in Third-Party Funded Litigation

Baker Botts L.L.P. on

The landscape of legal practice has significantly changed due to the proliferation of third-party litigation funding, a financial mechanism that provides capital to plaintiffs, including patent owners, in exchange for an...more

Holland & Knight LLP

Law Firm MSOs and Legal Ethics Regulations: Lessons from Texas Opinion 706

Holland & Knight LLP on

The Professional Ethics Committee for the State Bar of Texas (Committee) in February 2025 issued Opinion No. 706, the first ethics opinion that squarely addressed the use of law firm management service organizations (MSOs)....more

Dorsey & Whitney LLP

Three Principals of Adviser Settle SEC Charges Over Undisclosed Conflicts

Dorsey & Whitney LLP on

The Commission filed another settled action based on undisclosed conflicts involving an investment adviser. In this proceeding Respondents, principals of the adviser, failed to disclose a fee splitting arrangement with an...more

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