Federal Judge Nixes Jacoby & Meyers Challenge to Non-Lawyer Firm Ownership, Cites Lack of Standing

Saying that Jacoby & Meyers has no standing to challenge a New York legal ethics rule against non-attorney ownership of law firms because the well-known personal injury firm has not been harmed by the rule, a federal judge in Manhattan on Thursday threw out the firm's lawsuit, Reuters reports.

"The ruling they seek would be a purely advisory declaration of the sort that is forbidden to federal courts," wrote U.S. District Judge Lewis Kaplan.

An earlier ABAJournal.com post provides further details about the case.

Related coverage:

Bloomberg: "Mercedes Dealer Is Among Potential Investors in Jacoby & Meyers Law Firm"