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NEW LITIGATION FINANCE FIRM - LEX FERENDA LITIGATION FUNDING - EXECUTES SUCCESSFUL LAUNCH; EXCEEDS EXPECTATIONS AT FIRST CLOSE

9 Power Players Driving Innovation in the Legal Industry

9 Power Players Driving Innovation in the Legal Industry
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How 4 Legal Startups Are Using a New Utah Law to Upend the Market

Samantha Lee/Insider An experimental Utah regulatory program allows non-lawyers to practice law. Legal-tech companies are using it to automate work that a lawyer would normally do. The new regulations also let non-lawyers own and invest in law firms, raising some ethics concerns. An experiment that could fundamentally reshape the legal industry is underway in Utah. In 2020, Utah became the first state to let non-lawyers provide legal services through a so-called regulatory sandbox program. The program lets companies experiment with different models of practicing law in a sandbox overseen by the Utah Supreme Court. It was designed to spur innovation and increase access to justice by lowering the regulatory barriers to practicing law, according to the Office of Legal Services Innovation, which reports to the state s Supreme Court.

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