Illinois SB3812 amends the Attorney Act to restrict certain entities from interfering with attorneys' professional judgment and controlling client.
Illinois SB3812 amends the Attorney Act to prohibit private equity groups, hedge funds, and entities they control from interfering with attorneys' professional judgment in client representation. It also restricts these entities from controlling client records, hiring or firing attorneys or allied legal staff based on competency or proficiency, or setting competency parameters. Additionally, it bans these entities from charging fees based on attorneys' or law firms' fees, revenues, or profits.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.