Bloomberg Law
April 6, 2017, 12:24 PM UTC

Wake Up Call: Court Upholds NY Ban on Outside Investment in Law Firms

• New York’s law that bars law firms from accepting capital investment from non-lawyers is legal, a federal judge ruled. The decision, hailed by some and panned by others, follows other recent setbacks for those who want to open up U.S. law firms to non-lawyer ownership, as has been done in England and Australia. ( Bloomberg BNA )

• Law firm mergers continued to accelerate in 2017’s first quarter, fueled by trans-border tie-ups and acquisitions by legal services shops looking to expand market share and revenues, according to two new reports. ( Am Law Daily )

• Chadbourne & Parke, whose coming merger ...

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