Colorado lawmakers have overwhelmingly rejected the idea that law firms can be owned by non-attorneys, recently passing a bill that prevents lawyers from sharing fees with those entities.
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“HB 1421 addresses a growing challenge in our legal system by reinforcing a simple but critical principle that legal decisions should be made by attorneys, not outside investors,” Colorado Chamber CEO Loren Furman said.
“As private equity continues to find ways to enter the legal market, it is important to ensure that those decisions remain focused on the best interest of Coloradans rather than profit.”
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