Despite Likely Opposition, ABA Commission Considers Allowing Outside Investment in Law Firms6/10/2016 Written by Morgan Newell
The American Bar Association (ABA) Commission on the Future of Legal Services recently published an issue paper addressing whether alternative business structures (ABS) would benefit consumers in the United States. ABS allows non-lawyers to own and invest in law firms. Currently, practically every U.S. jurisdiction restricts non-lawyers from investing in law firms. The Commission requested responses and data on the benefits and risks of ABS.
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Written by Tom Gordon
Ilene Seidman of Suffolk University Law School recently wrote a column about a paradox of supply and demand in the legal field: lots of people who can’t afford legal help and lots of recent law grads working as baristas. Her column highlights the benefits of law-school based incubator programs teaching law students about the business end of law so that they can use technology to be on the cutting end of practice upon graduation. Suffolk University’s program teaches “innovative approaches” to students them to start their own firms or join small firms serving average-income people by teaching new technologies, marketing skills, process management and business through cross-training. Written by Briane Cornish
In November 2014, the California State Bar Board of Trustees approved the creation and appointment of the Civil Justice Strategies Task Force. The charge of the task force was to analyze the reasons for the state’s justice gap: the conundrum of how there are so many lawyers yet so many Americans have unmet legal needs and cannot afford or access legal help. Specifically, the task force intended to study creative solutions and innovative strategies in use by other states and other countries that have the potential to greatly improve access to justice in California. Written by Saron Berhe
A recent article in National magazine by Mitch Kowalski, How to Make a Law Firm Float, provides an in-depth look at the Australian law firm Slater & Gordon Limited. This firm has paved the way for other flourishing law firms around the world by showing them how to run a law firm that provides excellent customer service as well as excellent legal services. Written by Danny Foster
Recently, we wrote a guest post for our friends over at UpCounsel on Fee Sharing, Innovation, and the Consumer Interest. You’ll have to click through to read the whole thing, but (briefly) the argument runs as follows: |
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