The British government outlined a radical program Monday that could lead to law firms having nonlawyers as partners and to the firms themselves being owned by outsider investors. Lawyers would also be allowed to go into partnership with other professionals. In addition, retailers would be free to set up legal businesses and give advice to customers. Said one consultant: "There's a possibility that within the next five years, you'll see VCs owning a stake in law firm businesses."
March 23, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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