VIC Australian Law on Incorporated Legal Practices?

[The British student]

What are the regulatory requirements surrounding a non legal shareholder owning a stake in an Incorporated legal Practice?

I am trying to research, the maximum shareholding a non AUS practising Lawyer can own within a Law firm for a comparison of business structures. The scenario is that a UK Lawyer wishes to set up a practice in another country/territory with the intention of merging with an existing law firm.

So... if I was a qualified UK Lawyer, what percentage shareholding could I hold in an Australian Law firm? (Specifically Victoria or Queensland)

Any assistance is greatly appreciated!

 

[Sophea]

I know that you have to have at least one legal practitioner director who is an Australian legal practitioner holding an unrestricted practising certificate. But sorry not sure on shareholding