State Bar & Bar Associations,
Law Practice
Oct. 5, 2021
Could law firms run by VC’s and big corps become reality?
In recent years, the decades-long rule barring nonlawyers from having an ownership stake in law firms has been reversed in Arizona and Utah. With the State Bar of California’s board of trustees recently meeting on Sept. 23 to adopt and submit the final Paraprofessionals Working Group report to a 110-day public comment period before the board’s final vote on the proposal in January, California is poised to be next, raising serious concerns among the legal community.
Bradley Wallace
Owner and Principal
The Wallace Firm, PC
Phone: (818) 476-5998
Email: bradley@wallacefirm.email
TThe Wallace Firm, PC is a plaintiff contingency civil practice in Encino that focuses on complex and catastrophic injury, wildfire litigation, and COVID-19 business interruption claims. Mr. Wallace serves on the AAJ Business Interruption Litigation Taskforce.
In recent years, the decades-long rule barring nonlawyers from having an ownership stake in law firms has been reversed in Arizona and Utah. With the State Bar of California's board of trustees recently meeting on Sept. 23 to adopt and submit the final Paraprofessionals Working Group report to a 110-day public comment period before the board's final vote on the proposal in January, California is poised to be next, raising serious concerns among the legal community.
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