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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. In a nutshell, it says that lawyers must own law firms. New Developments in Law Firm Ownership. Australia and the United Kingdom already permit outside ownership of law firms.

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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. Deregulation of law firm trade names.

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First law firm owned entirely by nonlawyers opens in Utah

ABA Journal

Law on Call—touted as the first entirely nonlawyer owned law firm in the United States—is open for business in Utah. Law on Call is operating…

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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. So, if you think it’s hard to compete with the law firm across town, try working against Walmart. This is the eye of the storm.

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Is Walmart Targeting Your Law Firm? What Alternative Business Structures Will Mean for Small Firms

NCBA Law Practice Management Blog

Small law firms generally have it pretty good, in that they’ve mostly had to compete only against other small law firms, that aren’t particularly innovative either , and that also don’t spend money aggressively to build their businesses. So, yes: Walmart can open law firms. That’s a whole new ball game.

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“Utah Supreme Court Justice Deno Himonas retires, plans return to private sector; Justice Deno Himonas plans to transition to a major law firm after almost two decades in public service”

HowAppealing

Utah Supreme Court Justice Deno Himonas retires, plans return to private sector; Justice Deno Himonas plans to transition to a major law firm after almost two decades in public service”: Jordan Miller of The Salt Lake Tribune has this report.

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Arizona’s Alternative Business Structure Program Improved Access To Justice For Tort Victims And Possibly Large Companies

Above The Law

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 law firm. Being in an ABS system would allow them to have greater control and legally get a share of the firm profits as opposed to performance bonuses.

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