<description>&lt;p class="MsoNormal"&gt;&lt;span style= "font-size: 14.0pt; line-height: 107%;"&gt;Various states are exploring new models on who can practice law, new ownership models of law firms, and other paradigm shifts.  Arizona changed its alternative business structure to non-lawyer ownership and investment in law firms.  Scout Law is the first such entities to take advantage of the change.  Steve Germann discusses why he created the new firm, and his expectations for similar firms. &lt;/span&gt;&lt;/p&gt;</description>

Legal Current

Thomson Reuters Legal

Rise of Investor-Backed Law Firms

FEB 22, 202318 MIN
Legal Current

Rise of Investor-Backed Law Firms

FEB 22, 202318 MIN

Description

Various states are exploring new models on who can practice law, new ownership models of law firms, and other paradigm shifts. Arizona changed its alternative business structure to non-lawyer ownership and investment in law firms. Scout Law is the first such entities to take advantage of the change. Steve Germann discusses why he created the new firm, and his expectations for similar firms.