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