Law Practice,
State Bar & Bar Associations
Sep. 30, 2019
Nonlawyer investment in law firms could provide broad benefits, supporters say
Allowing nonlawyers to invest in law firms and other legal services providers would provide California’s legal industry with a much-needed infusion of new capital and business ideas, according to supporters of such regulatory changes.
Allowing nonlawyers to invest in law firms and other legal services providers would provide California’s legal industry with a much-needed infusion of new capital and business ideas, according to supporters of such regulatory changes.
Their comments come as a State Bar task force focused on increasing access to justice is considering measures that would permit non-attorneys to own or have financial interests in legal entities.
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