Burford Capital seeks to buy equity stakes in US law firms
New corporate structures could get around long-standing restrictions against non-lawyer ownership of firms
New corporate structures could get around long-standing restrictions against non-lawyer ownership of firms

Outside investors are barred from owning legal groups in most US states to keep advice free of commercial influence

Investment manager uses ownership structure designed to work around profession’s ban on outside equity capital

Attorneys who pioneered billboard advertising are again pushing the boundaries around outside ownership of law groups

New York firm that represented Sam Bankman-Fried and Ghislaine Maxwell would be among first to bring in investors

So-called continuation vehicles set to account for a fifth of sales by the sector in 2025

Backers of business development companies are now trying to right a perceived wrong