Illinois legislators introduced identical bills in both chambers (SB3812 and HB5487) on February 6, 2026 that would amend the state’s Attorney Act to prohibit a “private equity group,” “hedge fund,” or entities “owned,...more
2/13/2026
/ Business Entities ,
Business of Law ,
Hedge Funds ,
Illinois ,
Law Firm Ownership ,
Law Practice Management ,
Legal Ethics ,
New Legislation ,
Private Equity ,
Proposed Legislation ,
Regulatory Reform ,
Regulatory Requirements ,
State and Local Government
In recent years, investors have shown substantial interest in investing in private professional practices.
These practices – such as medical, dental, veterinary, accounting, and legal – typically have consistent and...more
1/7/2026
/ Business of Law ,
Ethics ,
Investment ,
Investors ,
Jurisdiction ,
Law Firm Ownership ,
Law Practice Management ,
Legal Ethics ,
Legal Operations ,
Management Companies ,
New Legislation ,
Popular ,
Private Equity ,
Regulatory Requirements ,
Rules of Professional Conduct
United States Attorney General Pam Bondi recently issued a memorandum to all federal agencies titled, “Guidance for Recipients of Federal Funding Regarding Unlawful Discrimination.”...more
On June 27, 2025, Director of the US Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) Catherine Eschbach issued a letter to federal contractors asking them to volunteer information on their efforts...more
7/10/2025
/ Affirmative Action ,
Department of Labor (DOL) ,
Deregulation ,
Diversity and Inclusion Standards (D&I) ,
Employees ,
Employer Liability Issues ,
Employment Discrimination ,
Executive Orders ,
Federal Contractors ,
Hiring & Firing ,
Labor Reform ,
OFCCP ,
Regulatory Requirements ,
Reporting Requirements ,
Trump Administration