Fee Sharing with Nonlawyers in Legal Practice

Summary

The bill adds a new part to Colorado’s legal statutes that makes it illegal for lawyers or law firms to share legal fees or give ownership stakes to nonlawyers. It applies to any arrangement that gives a nonlawyer a financial interest in a law firm’s revenue, profit, or case outcomes, with limited exceptions for ordinary employee compensation. Violations can be sued on by clients or affected Colorado law firms, and violators must disgorge illegal profits to the state.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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