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It's illegal in most states for private equity to buy a law firm. Lawyers have figured out a workaround
businessinsider.com/law-firms-outside-investment-mso-private-equity-2025-7
Getty Images; Tyler Le/BI
Legal ethics rules generally don't allow non-lawyers to own law firms.
MSOs are a workaround to allow nonlawyers, including private equity firms, to effectively invest.
Law firm owners can use the investors to scale, as well as for succession planning.
Real…
This story appeared on businessinsider.com, 2025-07-06 09:22:01.