Thursday, March 18, 2021

The era of alternative business structures and law firms owned by non-lawyers is officially here

 As I am sure you know by now, Utah and Arizona recently became the first two states to make changes to their regulatory structure of the practice of the profession to allow, among other things, lawyers to partner with non-lawyers, non-lawyer ownership of law firms and alternative business structures.  I reported on those developments here and here (regarding Arizona) and here, here, here and here (regarding Utah).

And, here is the latest:  Yesterday, the first entirely nonlawyer owned law firm in the United States opened for business in Utah while the Arizona Supreme Court announced (news release) that it has approved the first two alternative-business structure entities to operate in the state.  The ABA Journal has a story from Utah.

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