Non-lawyers to invest in UK law firms - Will outside investors demand a very different type of law firm?
For the first time in England, it may soon be open to non-lawyers to invest in law firms. The new wave of investors and managers will surely find that individual law firms are over-resourced; and, further, that the legal profession itself is over-resourced. They will quickly recognise that, within and beyond law firms, there is enormous duplication of effort and reinvention of the wheel; and, in turn, that there are too many lawyers and too few smart systems.
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