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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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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. 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.

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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. Who will be served by those innovations?

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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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Justice Gap Demands Look At New Legal Service Models

Law 360

Current restrictions on how lawyers structure their businesses stand in the way of meaningful access to justice for many Americans, so states should follow the lead of Utah and Florida and test out innovative law firm business models through regulatory sandboxes, says Zachariah DeMeola at the Institute for the Advancement of the American Legal System. (..)

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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. ” Listen: I interviewed Himonas and John R. .”

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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? .

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