Scottish law firms to be opened to external investors?

April 28, 2008 The Law Society of Scotland is asking members to back proposals to enable external investors such as banks, accountants and venture capitalists to buy shares in Scottish legal firms for the first time.

Under the current system, only solicitors can own equity stakes in Scottish law firms, but the Law Society of Scotland wants to open up the market so that firms can raise more capital and fund expansion plans.

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