‘External ownership of law firms could herald an IP revolution but clients will need to be convinced’

Over the summer two US states, Utah and Arizona, opened the door for non-lawyer ownership of law firms. Other parts of the US are also said to be looking at the matter, with the District of Columbia Bar reported to be considering relaxing its rules. What will the potential external ownership of law firms mean for the revolution of IP?

Interviewed by Richard Lloyd of IAM Media, John Harrity added his thoughts:

“New money coming in will be able to fund more technology and innovation, and more firms will realise that in order to stay competitive, they will need to embrace this technology to produce more efficient, accurate, and high-quality work.”