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Top related persons:
Steve German - 1 nonlawyers - 1 he'd - 1 BerlinRosen - 1 Uber - 1 Andy Kvesic - 1 Arizona's - 1 Josh Wander - 1
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Phoenix Miami Arizona State
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Service - 1 Partners - 1 Scout Law - 1 Scout - 1 Regulators - 1 DOJ - 1 Globo - 1

Search resuls for: "nonlawyers"


4 mentions found


☆ A lawyer dreamed of disrupting the legal industry with private equity. It turned into a nightmare.
  + stars: | 2024-06-18 | by ( Jack Newsham | ) www.businessinsider.com   time to read: +10 min
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
☆ States Look to Unconventional Fix for Attorney Shortages: Nonlawyers
  + stars: | 2023-06-07 | by ( Erin Mulvaney | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/states-look-to-unconventional-fix-for-attorney-shortages-nonlawyers-c066872f
Persons: Dow Jones
☆ DoNotPay's CEO says threat of 'jail for 6 months' means plan to debut AI 'robot lawyer' in courtroom is on ice
  + stars: | 2023-01-26 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +3 min
DoNotPay's CEO says he will hold off on deploying an AI 'robot lawyer' in traffic case hearings. Joshua Browder said that he received 'threats' over the plan and feared facing 'jail for 6 months.' The ploy always carried a risk, as states closely regulate who can practice law. But regulators may still be a while away from contemplating a full-fledged AI lawyer in court. "We're seeing some reform in regulations around the unauthorized practice of law, and we're becoming less rigid," said Murphy.
☆ Gold rush: Lawyers are flocking to Arizona to take advantage of new rules resulting in a flood of outside investments in law firms
  + stars: | 2022-10-19 | by ( Jack Newsham | ) www.businessinsider.com   time to read: +10 min
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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