Earlier today, Senator Reuben Diaz said that it is “not fair” that lawyers and members of other “protected professions” will be exempted from fully disclosing their sources of outside income under the new ethics bill.
Diaz is right. In fact, although we haven’t seen the legislation yet, it looks like it is actually a backwards step – rather than not forcing lawyers to disclose outside income as is now the case, the new bill would explicitly exempt lawyers and others from certain reporting requirements.
Requiring lawyers to disclose outside income, which we’ve advocated recently, is nothing new. Legal ethics experts agree such disclosure is not only possible, but desirable. There are a number of states, including