Investors are curious about new programs for law firm ownership in Arizona and Utah, but the rules stop at those states' borders. Florida's recent move could be a tipping point, however.
This article is an excerpt from Law Firm Disrupted, a weekly newsletter by Dan Packel on the new competitive pressures on law firms and how their managers are coping. Have an opinion?Â
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The lesson is a simple one: Define yourself too narrowly, and sooner or later you run the risk of losing relevance, Naz Vahid and Rajesh Madabushi write.
Many Big Law firms have explored PE investment, weighing the pros and cons of creating a managed service organization for back-office work. What will it take for one to pull the trigger?
The industry has already answered the hard questionâAI needs an owner, and 132 people now hold that job.
Supporters say the bill places needed safeguards on private equity. Critics question its effectiveness and constitutionality.
Big Law firms have been reordering their C-Suites this summer, hiring new leaders and creating new roles responsible for efficiency, growth and talent.
