It's illegal in most states for private equity to buy a law firm. Lawyers have figured out a workaround.

Source: Business Insider

 Getty Images; Tyler Le/BILegal ethics rules generally don't allow non-lawyers to own law firms. MSOs are a workaround to allow nonlawyers, including private equity firms, to effectively invest. Law firm owners can use the investors to scale, as well as for succession planning.

How-To Geek

Sporty Cars That Are Fun to Drive Without Needing Big Horsepower

57m ago

Fortune

The fireworks between D.C. and Silicon Valley are just starting

1h ago

Business Insider

I'm a university lecturer concerned that students are using AI to cheat. It's made my workload skyrocket, and I've had to make drastic changes.

1h ago

New York Post

Pediatrician fired for vile post suggesting Texas flood victims were Trump supporters who got ‘what they voted for’

1h ago

Fortune

Goldman Sachs bets on generative AI and empowers ‘AI natives’

1h ago

New York Post

Man vows to keep Texas business running despite ‘worst flood’ in 20 years

1h ago

Fortune

America Party is ‘exactly the opposite’ of what Elon Musk’s shareholders want and could force Tesla’s board to intervene, warns Dan Ives

1h ago

International Business Times

US Envoy Says Satisfied With Lebanese Response On Disarming Of Hezbollah

1h ago

International Business Times

Russian Forces Claim First Foothold In New Ukraine Region

1h ago

New York Post

Powerlifting influencer Stefi Cohen arrested on domestic violence charge

1h ago

International Business Times

Demna To Bow Out At Balenciaga In Paris Haute Couture Week

1h ago

Fortune

Australian woman found guilty of triple murder with ‘delicious’ toxic mushroom-laced beef Wellington

1h ago

Engadget

Get two months of Paramount+ Essential or Premium for only $2

1h ago

How-To Geek

How I Tricked My Apple HomeKit Lock Into Unlocking Automatically

1h ago

Engadget

US TikTok users may soon have to switch to a new version of the app

1h ago