Image: Shutterstock Arizona's Ownership Rules Have Major Implications for Consumer Law, the Big Four, Lit Funders and More
From opening the door to legal advertising in 1977 to allowing nonlawyers an equity stake in law firms this year, Arizona is shaping the way for an evolution of legal services. Consumer law is lining up first ... but what's next?
September 01, 2020 at 04:05 PM
8 minute read
The original version of this story was published on The American Lawyer
For the second time in 45 years, Arizona is poised to play a revolutionary role in changing the paradigm of how lawyers approach the consumer law market. And several sectors of the legal industry are watching what comes next.
In eliminating restrictions on outside ownership of law firms starting in January, the state's Supreme Court could pave the way for a proliferation of new legal businesses looking to assist individuals with needs like wills, divorces and real estate transfers.
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