In a recent Markets Insider article by Jack Newsham, Schulte Roth & Zabel partner Boris Ziser discussed the concept of allowing non-lawyers to own equity in law firms, which, in the U.S., is only legal in Arizona, Utah and Washington, D.C.

Boris believes the concept is a “win-win-win,” benefitting lawyers, clients and funders. It allows lawyers to focus solely on their practice, rather than also handling the marketing and operations of the firm. Clients also know that the firm is being well managed by business professionals.

Read the article here.

In a recent Buyouts article by Gregg Gethard, Schulte Roth & Zabel partner Heather Wyckoff discussed the Florida State Board of Administration’s decision regarding the incorporation of ESG into the investment decisions made by public allocators. Earlier this year, Florida SBA effectively banned such ESG considerations through excluding “consideration of the furtherance of social, political or ideological interests.”

In regards to the impact Florida’s decision could have on others, Heather said, “Florida is a large system, but so are European pension plans…Finland is a massive investor and has an ESG policy. Do investors like Florida have the market power to really sway ESG? I don’t think they really have the type of influence on capital raising that would be meaningful.”

Read the article here.