>>505 well, it would still be unethical under the rules of ethics that pretty much every state bar follows. If we're talking moral reasons, that's another thing - but the lawyers would be in deep shit for misleading their own clients, even if those clients happen to be bastards.
Another ethical rule a lot of people don't know about is that to own or to even hold a non-controlling interest in a law firm, you have to be a lawyer. So maybe >>499 could pull off his scheme, but he'd have to get a law degree first (which he'd soon lose, along with probably a lot of money after getting reamed with malpractice suits.)