POSTS TAGGED : business ownership

Edward Adams: The Case for Non-Lawyer Ownership of Law Firms

Non-lawyer law firm ownership

photo credit: Sora Shimazaki / Pexels

Key Takeaways

  • Debates over non-lawyer ownership of law firms center on whether traditional restrictions limit innovation, investment, and access to affordable legal services.
  • Alternative business structures adopted in jurisdictions such as Arizona, Utah, and international markets demonstrate new approaches to delivering legal services.
  • Supporters argue that outside investment and business expertise could help law firms adopt technology, improve efficiency, and serve more clients.
  • Critics remain concerned that non-lawyer ownership could create conflicts between commercial interests and lawyers’ professional responsibilities.
  • The future of law firm ownership will likely depend on carefully regulated models that encourage innovation while preserving legal ethics and independent judgment.
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4 Steps to Make Shifting Business Ownership Easier

When you’ve built your business from the ground up, it’s natural to take pride in your achievements. If your company has found significant success, you may even feel reluctant to step down from your position as a business owner when the time comes.

Business ownership transfer

Once you decide it’s time to shift the ownership of your business, you may not know where to start. After all, there are numerous questions to answer, forms to fill out, and plans to make. Some business owners even spend years seeking out a suitable replacement for their company, whether it’s a family member, friend, or ambitious employee.…

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How to Enjoy Business Ownership

Too often, small business owners scramble through their careers, always looking for ways to save money, build the business, and keep up with each new challenge as it arrives. However, you may find that when you get to the end of your career, you wonder what the point of all of that hard work was if you didn’t take time to enjoy being a CEO.

Business owner

Here are some tips to help you slow down and make the most of owning your own business, no matter how big or small it is.

Drive in Style

Whether you are commuting just down the street to open your small business each day or you are driving all over the country to manage your company, it’s well worth it to invest in the vehicle you drive every day.…

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How To Start Succession Planning

You’ve invested so much in building your business – time, money, effort and talent. Whatever type of transition you’re considering – whether it’s retirement, selling to a third party or handing the business down to a family member – succession planning is an important piece of the puzzle that can set your business up for success – or failure – in the future.

The first step is looking at your business and – based on your objectives – determining that you need to start succession planning. There’s a lot of elements to think about – your personal goals, the status of the business and how children or other family members will come into play, to name a few.…

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