California Takes Up Law Firm Ownership Fight After ABA Sidesteps


Publish Date:
August 16, 2022
Bloomberg Tax
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Any changes to ownership rules in California could have a more sweeping impact on the competitive landscape than tinkering already underway in other states.

Arizona has scrapped its rule barring fee-sharing between lawyers and non-lawyers, while Utah two years ago initiated a ‘sandbox’ program to test new legal ownership models.

In those states, “we’re seeing a wide range of new entities that couldn’t exist under current rules in California,” said David Freeman Engstrom, a Stanford Law School professor and member of an ABA access to justice working group.

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