Private equity is increasingly interested in the U.S. legal industry despite regulatory barriers. Currently, PE has two main access points: alternative business structures in Arizona and managed services organizations focusing on law firm back-office tasks. The legal sector’s recent surge in profitability makes it an attractive target, even though nonlawyers are generally prohibited from owning stakes in law firms across most U.S. states. This hasn’t dampened investor enthusiasm; rather, lessons from other professional services industries are encouraging further exploration and investment. For more details, you can read the full article here.
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