It might seem like private equity has climbed the mountain of the American economy, declaring everywhere the light touches as part of its kingdom. But one corner remains in the shadowlands: Law firms.

The traditional law firm partnership model is under strain as firms seek new sources of capital, with litigation funder Burford Capital recently indicating it is pursuing equity investments through ...

Nonlawyer Ownership in Law Firms Some states have begun to allow for joint partnerships between lawyers and nonlawyers through alternative business structures. Advocates argue this increases access to ...