One of the Colorado Chamber’s priority bills for the 2026 session passed second reading this morning and is now headed to the House floor for third reading, and legislators need to hear from the business community.
House Bill 1421 protects the integrity of Colorado’s legal system by addressing the growing influence of private equity firms in legal services. These outside investors are increasingly entering the legal market through complex arrangements that allow them to profit from legal cases, despite longstanding rules that prohibit non-lawyer ownership of law firms.
HB 1421 closes these loopholes and reinforces clear boundaries to ensure legal decisions remain in the hands of licensed attorneys. When outside investors have a financial stake in litigation, it can drive up costs and shift priorities away from clients. This increases litigation costs for businesses and undermines trust the legal system.
Using the Chamber’s simple tool below, please contact your representative and urge them to SUPPORT HB 1421 when it is heard on the House floor.
TAKE ACTION BELOW: