2/16/2023 0 Comments Legal zoom pricing plans![]() “Traditionalists and unauthorized practice of law regulators in the US have long feared the possibility of a legal technology company like LegalZoom becoming a publicly traded law firm-like entity with its own attorneys serving clients,” Moran writes for the Journal. The company says it has a network of more than 1,300 independent attorneys who have provided more than 611,000 consultations to small businesses and families since 2011. In addition, LegalZoom has launched a tax advisory service and hired in-house tax advisers. LegalZoom recently announced it had generated $150.4 million in revenue in the second quarter of 2021 – a rise of 36 percent annually. because of strict regulatory requirements around law firm ownership and attorney fee-sharing.” “This is something LegalZoom has been able to do in the UK … but the company has not been able to take a similar approach in the U.S. ![]() “Obtaining an alternative business structure license would allow LegalZoom to hire attorneys as employees to provide legal advice directly to customers rather than relying on an independent network of lawyers,” according to Lyle Moran in the ABA Journal. ![]() If successful, the move could signal a seismic shift in the legal landscape. Email Pin on Pinterest Share on Google+ Share on LinkedIn Share on Twitter Share on Facebookįresh off an IPO in June that resulted in a multi-billion dollar valuation, LegalZoom is now pursuing an alternative business structure license in Arizona.
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