From ABA Journal:
Arizona has become the second state in recent weeks to approve opening its doors to nonlawyer ownership or investment in law firms, concepts that previously have faced strong resistance in the United States.
The Arizona Supreme Court announced [27/8/20] its unanimous vote to eliminate its ethics rule barring nonlawyers from having an economic interest in a law firm or participating in fee sharing…
The court also approved a new category of nonlawyer licensee called “Legal Paraprofessionals” who will be able to represent clients in court, joining a couple other states in broadening the pool of permitted legal practitioners.
[Also in August 2020] the Utah Supreme Court announced it had approved a series of reforms that included permitting nonlawyer ownership or investment in law firms …. In that state, nontraditional legal services entities must seek approval to operate in a regulatory sandbox the Utah Supreme Court has established.
Arizona will … require proposed alternative business structures to go through what the task force has described as a “rigorous application process.” The nontraditional legal businesses also will have to comply with a code of conduct that mandates they have an internal compliance attorney.
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