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The Arizona Supreme Court has approved the first three entities to be licensed as alternative business structures, enabling businesses owned by non-lawyers to deliver legalservices under the liberalized licensing rules the court approved last August. Court order approving application.). Court order approving application.).
Elevate, a nonlawyer-owned alternative legalservices provider, has been approved to operate in Arizona in tandem with an integrated lawfirm, the company announced…
The Arizona Supreme Court has granted an alternative business structure license to law company Elevate , enabling Elevate and its affiliated lawfirm, ElevateNext, to operate as a single entity in that state, the company says. Related: LawNext: Supreme Court Justice Ann Timmer on Arizona’s Sweeping Regulatory Reforms.
Axiom , a company that is one of the longest-running alternative legalservices providers, this week stepped into the world of regulated legalservices as it formally launched Axiom Advice & Counsel , an Arizonalawfirm. How will this new corporate-owned lawfirm differ from traditional firms?
Small lawfirms generally have it pretty good, in that they’ve mostly had to compete only against other small lawfirms, that aren’t particularly innovative either , and that also don’t spend money aggressively to build their businesses. So, yes: Walmart can open lawfirms. That’s a whole new ball game.
As more states are allowing lawfirms to use trade names instead of maintaining the outdated requirement that firms be named after current or former partners, you may be considering rebranding your firm. Wait for the State to Approve Your LawFirm Trade Name 6. Table of contents 1. Call the Bank Again 7.
Depending on your point of view, there’s either lots new or “not so much” new with lawfirm ownership. In a nutshell, it says that lawyers must own lawfirms. But critics contend the rule contributes to low innovation and the high cost of services and is a considerable factor in the country’s access to justice problem.
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.
Last August, Arizona became the first state to eliminate the ban on non-lawyer ownership of lawfirms. In its statement announcing the order , the court described its move as making “far-reaching changes that could transform the public’s access to legalservices.”. Thank You To Our Sponsors.
I lack both the breadth and depth of his knowledge and tend to more narrowly focus here on lawfirm marketing and its regulation. Red Hot LawFirm Marketing Trends. The first wave of lawfirm marketers were often high-performing administrative staff. Deregulation of lawfirm trade names.
In 2020, the Arizona Supreme Court established its Alternative Business Structure (ABS) program which allows nonlawyers to have an economic interest or decision making authority in a lawfirm. Specifically the lack of legalservices for low-income individuals and rural communities.
In a first for an e-discovery technology company, Chicago-based Nextpoint is launching an Arizonalawfirm June 1 under that state’s liberalized law practice rules that allow non-lawyers to own law practices. ” Leading the firm as managing partner is Andrew R.
With both Arizona and Utah now allowing nonlawyers to deliver legalservices 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?
The Arizona Supreme Court has granted an alternative business structure license to law company Elevate , enabling Elevate and its affiliated lawfirm, ElevateNext, to operate as a single entity in that state, the company says. Related: LawNext: Supreme Court Justice Ann Timmer on Arizona’s Sweeping Regulatory Reforms.
Nextpoint recently became the first e-discovery company to launch a lawfirm , launching Nextpoint Law Group in Arizona under that state’s liberalized practice rules that allow non-lawyers to own law practices.
If a lawfirm is unable even to decide whether its staff should return to the office, or when that return should happen, or how to structure that return, then how can that firm implement lasting and innovative changes in its technology infrastructure and systems? This is not to say that 2021 was without innovation.
A Special Fireside Chat on the State of the Legal Industry, Recorded Live with Four Innovation Leaders. As ALSP Axiom Opens A LawFirm in Arizona, Its Chief Strategy and Legal Officer Catherine Kemnitz Shares Details. Theory and Principle Founder Nicole Bradick on Designing and Building Legal Tech Products.
As states seek to find innovative ways to address the access-to-justice crisis, a key component has been eliminating or loosening the prohibition on non-lawyer ownership of lawfirms. Two years ago, Arizona became the first state to completely eliminate the prohibition. Other states continue to study the issue.
In the blur of activity that was last week, I attended two legal tech conferences, plus an adjacent legal technology summit. After starting the week in New York at the glitzy celebration of big law tech that is Legalweek , and ending it in Charlotte, N.C., Let’s be generous and call it the top 10% of the population.
Two episodes relating to legal regulatory reform also made the list. Scott Timmer , vice chief justice of the Arizona Supreme Court, on that state’s groundbreaking changes to the rules regulating the delivery of legalservices. Also among the top 15 were two episodes relating to enhancing diversity in law.
Intapp, Tech Provider to Legal and Financial Firms, Files Papers for IPO (June 6, 2021). Ontario Court Lays Down the Law on Technology Competence and Video Proceedings (Dec. Arizona Licenses First Three Alternative Business Structures for Delivering LegalServices (May 7, 2021).
The event, themed "Brewing the Future: In-House Legal in the Age of LegalTech and AI," brought together 100 registrants from in-house legal departments, lawfirms, and legalservice providers. Key Takeaways: AI will drive efficiency, reducing costs and enhancing service delivery.
They provide the client with some certainty about the cost of legalservices and lawyers with more financial stability and consistency in taking on client matters. When lawyers consider how they will charge for their legalservices, the paramount benchmark of the analysis is Model Rule 1.5(a) When Are Legal Fees Earned?
Regulatory reform is needed to make sure there is coverage for “legal deserts” where citizens have access to few or no lawfirms. ” What Do Legal Deserts Mean for Citizens Who Need Help? A lawyer in rural North Carolina shared that his lawfirm was one of two in a 40-mile radius.
A group of us were in the hotel bar, stridently debating whether an alternative business structure, licensed under Arizona’s liberalized legal regulatory scheme, could deliver legalservices in other states. Marriott and swallowed up everyone there, it would have been a dramatic setback for legal innovation.
Chas is an outspoken advocate of transformation in the legal industry, inspiring increased access to legalservices through technology and new business models. I specifically remember Reinvent Law and the impact it had on the profession and my own view of legalservices.
My bar may respond that the purpose of dues isn’t for my benefit since their purpose is to “serve and protect the public with respect to the provision of legalservices and access to justice.” In Arizona, it’s easy to meet the requirements for a live in-person or web-based CLE. Not that I can tell. My state bar has a $7.2
Two episodes relating to legal regulatory reform also made the list. Scott Timmer , vice chief justice of the Arizona Supreme Court, on that state’s groundbreaking changes to the rules regulating the delivery of legalservices. Also among the top 15 were two episodes relating to enhancing diversity in law.
If a lawfirm is unable even to decide whether its staff should return to the office, or when that return should happen, or how to structure that return, then how can that firm implement lasting and innovative changes in its technology infrastructure and systems? This is not to say that 2021 was without innovation.
He is the author and editor of Data-Driven Law (Taylor & Francis 2018). It’s not an exaggeration to say that ReInvent Law Silicon Valley was an event that changed everything. The idea that law was ripe for disruption has not always been around.
Intapp, Tech Provider to Legal and Financial Firms, Files Papers for IPO (June 6, 2021). Ontario Court Lays Down the Law on Technology Competence and Video Proceedings (Dec. Arizona Licenses First Three Alternative Business Structures for Delivering LegalServices (May 7, 2021).
Axiom , one of the longest-running alternative legalservices providers, today joins the ranks of licensed legalservices providers as it opens Axiom Advice & Counsel LLC (AA&C), a lawfirm in Arizona, where it plans to provide corporate legalservices to businesses.
If you are looking for a scorecard naming those who are leading the charge on innovation in law, you can do no better than the Fastcase 50 , the annual listing by the legal intelligence company Fastcase that honors 50 of the law’s “smartest, most courageous, innovators, techies, visionaries, and leaders.”.
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