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And he'd just launched a venture with the Miami investment firm 777 Partners that he hoped would revolutionize the legal business. Arizona had recently begun permitting nonlawyers to invest in law firms, which is banned in nearly every other state. AdvertisementAllowing private-equity riches to pour into law firms looked like it could be a game changer. AdvertisementGerman said 777 didn't supply money on the terms or timeline it promised and planned. Funding and marketing firms were cutting deals with law firms in nonpublic arrangements for years before Arizona changed its rules, she added.
Persons: Steve German, nonlawyers, he'd, BerlinRosen, Uber, Andy Kvesic, Arizona's, Josh Wander, Semafor, Steven Pasko, Lynda Shely, Shely, Ed Gehres, Damien Alfalla Organizations: Service, Partners, Scout Law, Scout, Regulators, DOJ, Globo Locations: Phoenix, Miami, Arizona, State
Opinion | A Dispatch From the Muslim Girl Scouts of Astoria
  + stars: | 2023-10-28 | by ( Mara Gay | ) www.nytimes.com   time to read: +7 min
At a meeting of the Muslim Girl Scouts of Astoria last week, a young woman bounded into the room, asking whether her fellow scouts had secured tickets to an Olivia Rodrigo concert. “It’s no conflict at all,” Ms. Rayan told me of Islam and the Girl Scouts. “You want a strong Muslim American girl.”At the Girl Scouts meeting, Amira and her friends discussed their plans to protest the war in Gaza. In 1948, Ms. Rayan told me, her grandfather lost his home and land in Jaffa to the state of Israel. Ms. Rayan said those killed in her family included six cousins and their children, who were as young as 2.
Persons: Amira Ismail, Amira, ’ ” Amira, ‘ That’s, , , ” Amira, Eid, Dianne Morales, Abier Rayan, Olivia Rodrigo, Taylor Swift, Ms, Rayan, There’s, “ I’m, John Lewis, Amira waded Organizations: City Hall, Palestinian, United, New, Muslim Girl Scouts, Scout, Girl Scouts, Gaza Health Ministry, Hamas, Yorkers, Brooklyn Locations: New York, Queens, New York City, Palestinian American, United States, Israel, America’s, Astoria, Gaza, Egypt, Jaffa, Gaza City, Brooklyn
In 2021, Arizona changed its rules to let non-lawyers co-own law firms, many of which are highly profitable: They collectively made an estimated $320 billion in the US last year. Today, 47 states — all but Arizona, Utah, and Washington — ban anyone but lawyers from owning law firms. Some of the firms Arizona has approved have said they plan to advertise nationwide, and refer cases to other law firms that will actually do the work. Pre-settlement funding, which is one of the riskier kinds of loan for plaintiffs' law firms, often has interest rates of 12 to 20 percent, Ziser said. The UK has allowed outside investment in law firms since 2007 without major scandal, he said, but it also takes a loser-pays approach to lawsuits that can cut down on frivolous claims.
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