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Eye of the Storm: How Will Alternative Business Structures Affect Traditional Law Firms

NCBA Law Practice Management Blog

Arizona has recently stricken the rule barring non-lawyer ownership in law firms from its professional ethics code. Utah is creating a sandbox environment to explore the same option. It’s only a matter of time before the traditional lawyer monopoly is broken. This is the eye of the storm.

Law Firm 130
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What’s New in Law Firm Ownership?

Attorney at Work

Depending on your point of view, there’s either lots new or “not so much” new with law firm ownership. Most lawyers are familiar with Rule 5.4 In a nutshell, it says that lawyers must own law firms. New Developments in Law Firm Ownership. as they relate to nonlawyer ownership of firms.”.

Law Firm 105
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Law Firm Marketing Regulation: What’s Hot and What’s Not — a Tribute

Attorney at Work

I lack both the breadth and depth of his knowledge and tend to more narrowly focus here on law firm marketing and its regulation. Red Hot Law Firm Marketing Trends. The first wave of law firm marketers were often high-performing administrative staff. For-profit lawyer referral services.

Law Firm 115
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United States: ABA Formal Opinion Approves Lawyers' Passive Investment In Law Firms With Nonlawyer Owners - Holland & Knight

Mondaq

Arizona and Utah recently began allowing nonlawyers to establish or become part owners of law firms, raising the question of whether lawyers admitted in jurisdictions.

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ABA Issues Ethics Guidance On Lawyers Investing In Alternative Business Structures

LawSites

With both Arizona and Utah now allowing nonlawyers to deliver legal services through alternative business structures, the American Bar Association today issued a formal ethics opinion that addresses the question of whether lawyers outside those states may passively invest in an ABS. may the lawyer passively invest in an ABS?

Lawyer 112
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Comprehensive Study of Regulatory Reform Finds It Is Driving ‘Substantial Innovation’ In Legal Services Delivery with No Harm to Consumers

LawSites

A Stanford Law School study published today of regulatory reforms in Utah and Arizona finds that they are “spurring substantial innovation,” that they are critical to serving lower-income populations, and that they do not pose any substantial risk of consumer harm.

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Justice Deno Himonas, Who Spearheaded Utah’s Innovation Sandbox, Retires from Supreme Court

LawSites

Constandinos (Deno) Himonas, the Utah Supreme Court justice who spearheaded the state’s first-of-its-kind regulatory sandbox to license new forms of legal services and providers, is retiring from the court. 29 letter to Utah Gov. 29 letter to Utah Gov. Lund, past-president of the Utah State Bar, for my LawNext podcast.