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That associations for the practice of lawCould only take the form of partnerships, Since only that organisational structure Preserved the full personal participation And liability of the lawyers themselves. The partnership model was effectively Incorporated into law in most states Through the adoption of prohibitions Against limitations on personal liability for Lawyers. D In order to enhance the status of lawyers as 'professionals', state bars across the Country promulgated rules forbidding Lawyers from engaging in activities that Are common for other types of businesses. The current Rule 5.4 of the ABA's Model Rules of Professional Conduct reflects these prohibitions: for example, lawyers Are forbidden from sharing legal fees with Non-lawyers; prohibited from forming Partnerships with non-lawyers for the Practice of law; and are banned from Practising in any type of association in Which a non-lawyer has any ownership Interest, is a director or officer, or has any right to direct or control the lawyers' Professional judgment. ExamFocus E Part 5 What you have to do This part of the examination consists of a single law-related text, from which six Sentences have been removed. You have to read the text and then identify the Correct sentence to fill each gap. Eight sentences are provided, which are marked A-H. Sentence H is always the example, and one other sentence is a 'distractor', Which does not fit any of the gaps. What is being tested The task tests your understanding of the meaning of the text, as well as of the way It is structured, including the way discourse markers can be used to enhance the Structure. Tips U First, read the text quickly to get a general understanding of what it is about, then read Through all of the eight items. You should then return to the items individually and read the Text more carefully to find out where they belong. G Pay attention to any discourse markers - words that signal and link ideas - at the beginning Of the items, as they may serve as clues. Similarly, words such as pronouns which refer back To something said in a previous sentence can help you to identify where a sentence belongs. \.) Make sure you read the whole text with your answers in place, to check that it makes sense. Questions 43-48 Read the following extract from an entrepreneur's guide to venture capital Negotiations. For each gap 43-48, choose the best sentence A-H to fill it. Do not use any letter more than once. There is one extra sentence which you do not need to use. There is an example at the beginning (0). An entrepreneur's guide to venture capital negotiations Venturecapitalistsoftenreferto the'pre-money' and'postmoney'valuationof Abusiness. Pre-moneyvaluationisthe Valuethepartiesagreeto placeontheentireenterpriseprior totheinvestmeonfttheventurecapitalis(t0.) r.L......... Becausethenegotiations areoftenconductedwith reference to whatpercentageof thecompany'sequitytheinvestorwill Receivefor itsinvestmentit,maybeeasiertoworkfrompostmoneyvaluationthanpre- Date: 2015-12-11; view: 811
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