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
The California Supreme Court recently issued a significant decision in Hohenshelt v. Superior Court, holding that the Federal Arbitration Act (FAA) does not preempt California laws requiring businesses to pay consumer or...more
The US Court of Appeals for the Ninth Circuit issued its first published opinion addressing mass arbitration on February 28, 2025, following the court’s decision in Heckman v. Live Nation Entertainment, et al., 120 F.4th 670...more
In early February, the American Arbitration Association (AAA) announced proposed changes to its Consumer Arbitration Rules. As part of those changes, AAA is seeking comments on the proposed revisions, with the comment period...more