Efforts to allow non-lawyers to own law firms in Arizona and Utah are picking up steam, as participating companies say it’s inevitable that more states will be following similar paths.
Utah’s regulatory “sandbox” and Arizona’s “alternative business structures” program are being closely watched by the country’s largest law firms like Snell & Wilmer, which is actively weighing the possible benefits.
“Snell & Wilmer has considered and is considering opportunities that these changes may present to a traditional law firm,” said Mark Morris, a Salt Lake City-based partner with the firm, which also has offices in Phoenix and Tucson, Arizona. The ...