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Law Practice,
Ethics/Professional Responsibility

Jun. 17, 2021

Does LegalZoom IPO risk undermining legal ethics?

According to its prospectus filed June 4 with the Securities Exchange Commission, 10% of new limited liability companies and 5% of new corporations in the United States were formed via LegalZoom in 2020, while 6% of all trademark registration applications were made through its website.

Does LegalZoom IPO risk undermining legal ethics?

LegalZoom’s plan to go public has stirred mixed emotions among lawyers. Some see it as proof of an unmet need for legal services, while others say it risks undermining ethical guidelines.

LegalZoom.com Inc., helps people to create and file some basic legal documents without having to hire a lawyer.

Since its f...

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