Partner Resistance and Regulatory Uncertainty Remain Hurdles for Adoption of Alternative Business Structures
February 17, 2023 Commercial, Premium, Regulatory Issues

In recent years, we have experienced the relaxation of rules governing ownership of law firms in a small number of states, beginning with Utah in 2020 and Arizona in 2021. However, despite these developments, there has yet to be a wider adoption of Alternative Business Structures (ABS), with industry commentators suggesting that resistance to change among law firms stems from an unwillingness to divert from the traditional partnership model.
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