NYSBA Opinion 1291 clarifies how New York lawyers can touch ABS models
NYSBA says a New York lawyer may hold a financial interest in an ABS that renders legal services where such structures are permitted, but New York still does not allow an ABS to practice law in New York.
BY FRONTIER DESK · MAY 11, 2026 · 1 MIN READ
NYSBA says a New York lawyer may hold a financial interest in an ABS that renders legal services where such structures are permitted, but New York still does not allow an ABS to practice law in New York. Fee division and predominant-effect rules matter. The opinion shows how cross-border new-law structures will grow through ethics analysis, not just venture strategy.