Credit: wladimir1804/Adobe Stock Arizona and Utah Opened the Door, But Firms Remain Skeptical of Alternative Business Structures
Litigation funders are eager to make equity investments in law firms, but partner resistance and regulatory uncertainty present major obstacles.
February 14, 2023 at 12:21 PM
6 minute read
Law Firm Structure
Despite the opportunities for law firms to accelerate their growth with outside investment, the vast majority of firm leaders in the U.S. have been reluctant to experiment with new ownership models made available by rule changes in Arizona and Utah pertaining to nonlawyer ownership of law firms.
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