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Illinois lawmakers pass bill limiting investor influence on law firms

Illinois, home to one of the largest U.S. legal markets, is poised to erect new firewalls between law firms and third-party investors after state lawmakers ​this weekend passed legislation to limit back-office partnerships and other law firm business deals involving outside capital.

June 1 (Reuters) – Illinois, home to one of the largest U.S. legal markets, is poised to erect new firewalls between law firms and third-party investors after state lawmakers ​this weekend passed legislation to limit back-office partnerships and othe… [3281 chars]

Source: Reuters | Published: 2026-06-01T17:54:38Z

Credit: Reuters

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