Law Practice
Feb. 20, 2015
Proposal to allow nonlawyer ownership of firms could boost litigation funders
A law review article by professor and litigiation finance leader says allowing equity investment could cure many law firm ills, including "short-termism" focus on billable hours and benefit partners, associates and clients.
Daily Journal Staff Writer
Under pressure from clients and the economy, large law firms are struggling for ways to reduce costs, try out alternative billing methods and yet keep profits per partner up.
Now, a law professor and litigation financing expert has proposed an old but radical fix: nonlawyer investment.
In an article this week in USC Gould School of Law's law review, Jonathan T. Molot says dropping...
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