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The American system of licensing attorneys on a state-by-state foundation, the tradition of getting a headquarters in a single U.S. state and a close concentrate on income per companion (as opposed to sheer scale) has to this point limited the size of most American law corporations.
One approach to get across the law agency ownership restrictions is for lawyers to self-fund and develop new tools in-house, take a look at them with customers and clients, and then if something has actual disruptive potential, spin that expertise off into a separate company entity.
The particular books of enterprise and specialization of attorneys as well as the skilled ethical structures surrounding conflict of curiosity can lead to corporations splitting as much as pursue totally different clients or practices, or merging or recruiting experienced attorneys to accumulate new clients or follow areas.… Details