Attorneys, investors and advisers say the structure — already widely used for private equity investment in medical practices and accounting firms — can unlock capital for law firms in the US, where ...

LeClairRyan's failed experiment with UnitedLex was a "lifetime" ago, according to one observer. Since then, existential changes to the legal industry have created an environment where firms are ready ...

The Clayton-based national law firm is moving away from its non-equity partner track, also known as income partners, who receive salaries and bonuses rather than an ownership stake.

The traditional law firm partnership model is under strain as firms seek new sources of capital, with litigation funder Burford Capital recently indicating it is pursuing equity investments through ...