Background and Development On December 7, 2021, the Financial Crimes Enforcement Network (“FinCEN”) published a Notice of Proposed Rulemaking (“NPRM”) for the Corporate Transparency Act (the “CTA”). FinCEN announced that this NPRM would be the first of three proposed rules, which are designed to finalize the regulations under the CTA. […]
Ownership
Florida Bar’s Rejection of Non-Attorney Ownership Thwarts Innovation
By and large, the delivery of and access to legal services is broken. Too slowly, jurisdictions throughout the U.S. are beginning to consider ways to improve access to justice, with non-attorney ownership of law firms a leading candidate for institutional improvement. There was hope in 2021 that Florida—our home state—would […]