Europe’s top court is currently deliberating a significant case that could potentially revolutionize the legal market by permitting private equity investors and other non-lawyers to purchase shares in German law firms. The possibility of this major shift has garnered considerable interest from financial sponsors in London and the USA, particularly those focused on legal technologies. Dick Uwer, a lawyer from Hengeler Mueller who is advising on the case, has noted the keen interest from these investors.
Thomas Kolhmeier from Swiss litigation financier Nivalion added, “Law firms are the last untapped gold mine for investors.”
For more details about the impending EU ruling, visit the original article on Law.com.