Fortress expands in US legal market with personal injury law firm deal
Investment manager uses ownership structure designed to work around profession’s ban on outside equity capital
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 corporate structures could get around long-standing restrictions against non-lawyer ownership of firms

Investors question if some institutions rubber-stamp deals that could benefit other businesses

Some investors reduce positions or buy protection for their portfolios amid concerns over valuations

Body for pension and sovereign wealth funds wants costs shared between investors and buyout groups

Institutional clients increasingly want so-called parallel funds that exclude certain assets