State lawmakers are stepping up efforts to restrict private equity investment in the legal sector. But industry observers say a pending bill in Illinois could make firms less attractive to investors and might disrupt relationships with vendors.
State lawmakers are stepping up efforts to restrict private equity investment in the legal sector, with a pending bill in Illinois representing the first attempt that goes beyond codifying existing ethics rules. But industry observers say the measure, passed in May and awaiting possible signature, could make firms less attractive to investors and might disrupt relationships with vendors.
