Law Firms

Conflicts of interest, Law Firms, Legal Practice, United States

(Arizona State University, Sandra Day O'Connor College of Law) and (University of Iowa College of Law)/ /Leave a comment
Academic Council, Institute for Transnational Arbitration (ITA)

For years, Australia and the U.K. have been the pioneering jurisdictions regarding ownership of law firms. Now, there’s a new kid on the block.  Recent developments in a few U.S. states, predominantly Arizona, and a new approach by the American Bar Association (ABA) signal a broad reexamination of the long-entrenched prohibition on non-lawyer participation (ownership…

Law Firms, Third party funding

(Arizona State University, Sandra Day O'Connor College of Law)/ /7 Comments
Academic Council, Institute for Transnational Arbitration (ITA)

The line between third-party funders and law firms is blurring. Originally, there were only two traditional types of third-party funding arrangements. In the first type, the third-party funder makes an agreement to finance the legal expenses of the claimant or respondent in a case in exchange for a portion of the claimant’s awarded amount, if…