States Urged to Loosen Law Firm Ownership Restrictions to Improve Access to Justice

The ongoing discussions around nonlawyer ownership of law firms have attracted significant attention within the legal community. Despite this buzz, Michael Di Gennaro highlights that widespread adoption of such a model remains a long-term prospect. As a more immediate solution, Di Gennaro suggests that states should prioritize the liberalization of existing state restrictions on the ownership and purchase of law practices by attorneys and firms. According to Di Gennaro, such measures would enhance succession planning and increase access to justice in the legal profession. These insights are further elaborated in his piece for Law360.