Legal Current
Legal Current
Thomson Reuters Legal
Rise of Investor-Backed Law Firms
18 minutes Posted Feb 22, 2023 at 7:17 pm.
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Various states are exploring new models on who can practice law, new ownership models of law firms, and other paradigm shifts.  Arizona changed its alternative business structure to non-lawyer ownership and investment in law firms.  Scout Law is the first such entities to take advantage of the change.  Steve Germann discusses why he created the new firm, and his expectations for similar firms.