Full Disclosure
Dec. 1, 2007
The launch of the world's first publicly traded law firm—and a pending legal services bill in the United Kingdom—revives the debate over structuring law practices like other businesses.
As sure as the devil's in London, as the English used to say, equity investors are coming to law firms. Investors already own a personal injury firm in Australia, and they're about to be set loose in the United Kingdom. Competitive pressure will then do the rest?champerty and maintenance be damned. An American lawyer with the moniker Adam Smith, Esq. says you...
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