Colorado HB1421 prohibits lawyers and law firms from sharing fees with nonlawyers and bans nonlawyer ownership in legal practices.

Colorado HB1421, known as the Colorado Legal Practice Integrity and Fee-Sharing Prohibition Act, prohibits lawyers and law firms from sharing fees or revenues with nonlawyers. It also bans nonlawyer ownership and control over law firms and prohibits forming entities with nonlawyers for providing legal services. The act allows for private enforcement by clients and law firms, with remedies including economic damages, injunctive relief, and disgorgement of funds. The act is scheduled for repeal on September 1, 2032, subject to a review by the Department of Regulatory Agencies.

Colorado HB1421 prohibits lawyers and law firms from sharing fees with nonlawyers and bans nonlawyer ownership in legal practices.

Colorado HB1421, known as the Colorado Legal Practice Integrity and Fee-Sharing Prohibition Act, prohibits lawyers and law firms from sharing fees or revenues with nonlawyers. It also bans nonlawyer ownership and control over law firms and prohibits forming entities with nonlawyers for providing legal services. The act allows for private enforcement by clients and law firms, with remedies including economic damages, injunctive relief, and disgorgement of funds. The act is scheduled for repeal on September 1, 2032, subject to a review by the Department of Regulatory Agencies.