Ownership

Arizona’s Legal Landscape Transformed: Private Equity and Litigation Funders Seize Opportunities in Law Firm Ownership

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Phoenix, AZ — Arizona has become a burgeoning hub for the legal industry following the state’s decision to remove prohibitions against non-lawyers owning law firms. This groundbreaking move has attracted a notable influx of private equity firms and litigation financers keen to capitalize on this newly opened market. The change stems from the elimination of a rule that previously barred non-lawyers from holding ownership stakes in legal practices. Since this change was enacted in 2020, Arizona has approved 76 alternative business structures (ABS), applications, many of which include investments from private equity or litigation finance … Read more

Iowa Takes a Stand: New Law Strengthens Regulations on Foreign Ownership of Agricultural Land

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DES MOINES, Iowa – Iowa has taken action to address the issue of foreign agricultural land ownership by passing a new law. Governor Kim Reynolds signed the bill on Tuesday, granting the state attorney general subpoena power to prevent foreign adversaries, such as China, from investing in Iowa farmland. Governor Reynolds emphasized the need for vigilance against foreign entities seeking to exploit American agriculture. She stated that the acquisition of American farmland by foreign groups is a common weapon used to assert dominance over the country. Iowa, with its fertile soil and exceptional production capacity, … Read more

Exploring the Aftermath: A Father’s Heartbreak, Gun Rights Advocacy, and Maine’s Long History of Gun Ownership

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Lewiston, Maine – Bereaved families and gun rights advocates in Maine are grappling with the aftermath of the state’s deadliest mass shooting. The tragedy has left communities in shock and ignited a passionate debate about the underlying issues surrounding gun ownership. In the town of Lewiston, Tim Boyum, host of Front Porch Politics, sits down with the father of one of the victims. The grief-stricken father shares his heart-wrenching experience of losing his son in the mass shooting, offering a raw and personal perspective on the devastating impact of gun violence. Moving to Surry, Boyum … Read more

Victory for Lake Wales: Historic Walesbilt Hotel Set to Return to City Ownership After Court Ruling

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LAKE WALES, Fla. – Lake Wales is set to regain ownership of the historic Walesbilt Hotel, a long-vacant downtown landmark, following a recent court ruling. The city had filed a lawsuit in January 2022 against the property’s owner, Dixie-Walesbilt LLC, alleging false claims made by the company’s manager, Raymond E. Brown, in order to win a contract for renovating the 10-story structure. The city claimed that Brown’s company had made limited progress in restoring the hotel and had not fulfilled its promise to convert it into private residences. Circuit Judge William D. Sites recently issued … Read more