The Reyes Firm
The Reyes Firm is a trusted personal injury law firm in Tampa, FL. We help injured people recover what was taken from them after car crashes, truck accidents, motorcycle collisions, and other acts of negligence. Serving clients across Hillsborough, Pinellas, and the Greater Tampa Bay area, our attorneys fight for maximum compensation for medical bills, lost wages, and long-term care. With deep ties to Tampa's Hispanic and Black communities, we are dedicated to justice, recovery, and protecting your rights.
The Reyes Firm offers compassionate, client-focused legal representation for personal injury cases. With extensive experience, we guide you through the challenges of accidents, including medical bills, lost income, and pain. If you or a loved one need help after an accident, contact us to pursue the compensation you deserve.
In many countries, including the United States, there is a rule that only lawyers may have an ownership interest in, or be managers of, a law firm. Thus, law firms cannot quickly raise capital through initial public offerings on the stock market, like most corporations. They must either raise capital through additional capital contributions from existing or additional equity partners, or must take on debt, usually in the form of a line of credit secured by their accounts receivable.
The rule is controversial. It is justified by many in the legal profession, notably the American Bar Association which rejected a proposal to change the rule in its Ethics 20/20 reforms, as necessary to prevent conflicts of interest. In the adversarial system of justice, a lawyer has a duty to be a zealous and loyal advocate on behalf of the client, and also has a duty to not bill the client excessively. Also, as an officer of the court, a lawyer has a duty to be honest and to not file frivolous cases or raise frivolous defenses. Many in the legal profession believe that a lawyer working as a shareholder-employee of a publicly traded law firm might be tempted to evaluate decisions in terms of their effect on the stock price and the shareholders, which would directly conflict with the lawyer's duties to the client and to the courts. Critics of the rule, however, believe that it is an inappropriate way of protecting clients' interests and that it severely limits the potential for the innovation of less costly and higher quality legal services that could benefit both ordinary consumers and businesses.
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