Credit: fotomak/Shutterstock.com Rocket Lawyer Subsidiary Lands ABS License in Arizona
The CEO of the online legal services provider says that nonlawyer ownership will allow the company to serve consumers more affordably.
September 26, 2024 at 04:59 PM
3 minute read
What You Need to Know
- Rocket Legal Professional Services won approval as an alternative business structure in Arizona.
- A 2020 temporary rule change in Utah permitted a similar move, but it will expire after seven years.
- Those who oppose nonlawyer law firm ownership caution that it could lead to issues over attorney-client confidentiality.
Legal technology company Rocket Lawyer announced Tuesday that a wholly owned subsidiary, Rocket Legal Professional Services Inc., has received permission to operate as an alternative business structure in Arizona.
The move, which was approved by the Arizona Supreme Court, paves the way for nonlawyer law firm ownership, which is typically prohibited due to relatively uniform professional legal rules.
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