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DENVER – The Colorado Chamber of Commerce today applauded the passage of House Bill 1421 on second reading in the House this morning, following its approval by the House Judiciary Committee yesterday. The bipartisan legislation is one of the Chamber’s priority bills for the 2026 legislative session in partnership with the Colorado Trial Lawyers Association.
“A fair and predictable legal system is important for businesses, employers and communities across Colorado,” said Colorado Chamber President and CEO Loren Furman. “We are seeing more outside investment in the legal market, which can create new challenges and increase litigation costs for everyone. This bill takes a measured approach to ensuring existing rules continue to work as intended and protect the integrity of the system.”
House Bill 1421 strengthens Colorado’s longstanding rules prohibiting non-lawyer ownership of law firms and fee-sharing with non-lawyers, while closing loopholes that allow private equity firms to influence legal outcomes through complex business arrangements. The bill ensures that legal decisions remain in the hands of licensed attorneys and not outside investors.
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The Colorado Chamber of Commerce champions free enterprise, a healthy business environment and economic prosperity for all Coloradans. It is the only business association that works to improve the business climate for all sizes of business from a statewide, multi-industry perspective. What the Colorado Chamber accomplishes is good for all businesses, and that’s good for the state’s economy. It was created in 1965 based on the merger with the Colorado Manufacturers’ Association.