As published in Digital Insurance, “Navigating Breach Recovery Costs to Slash Inefficiences”
As published in Digital Insurance, “Navigating Breach Recovery Costs to Slash Inefficiences”
Corporate Entities Will Buy U.S. Law Firms
In addition to consolidation, some experts expect changes in the nature of U.S. law firm ownership in 2025.
Christian Geyer, CEO of data mining company Actfore, predicts a first wave of corporate entities acquiring profitable law firms in 2025 in regions where it is allowed. This will transform those law firms into corporate income streams or investment vehicles. Geyer attributes his prediction in part to states, such as Arizona, that have eliminated the rule prohibiting nonlawyer ownership of law firms.
“As hourly rates in the legal profession continue to rise, the industry’s eagerness for greater efficiency makes it a prime target for investment and an attractive opportunity for corporate entities to acquire …
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