By Jason Wesoky and Loren Furman
Private-equity profits should not influence legal decisions between Coloradans and their attorneys. This principle is the driving force behind House Bill 1421, a piece of bipartisan legislation designed to protect Coloradans and maintain trust in our justice system.
Colorado has long prohibited non-lawyer ownership of law firms and fee-sharing with non-lawyers. But increasingly, private equity firms are using complex management agreements to insert profit motives into legal representation.
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