{"id":165435,"date":"2026-10-21T11:23:21","date_gmt":"2026-10-21T19:23:21","guid":{"rendered":"https:\/\/xira.com\/p\/2026\/10\/21\/private-equity-cant-own-tennessee-law-firms-but-it-can-still-get-a-piece-of-the-business\/"},"modified":"2026-10-21T11:23:21","modified_gmt":"2026-10-21T19:23:21","slug":"private-equity-cant-own-tennessee-law-firms-but-it-can-still-get-a-piece-of-the-business","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2026\/10\/21\/private-equity-cant-own-tennessee-law-firms-but-it-can-still-get-a-piece-of-the-business\/","title":{"rendered":"Private Equity Can\u2019t Own Tennessee Law Firms, But It Can Still Get A Piece Of The Business"},"content":{"rendered":"

Ed. note<\/u>: Welcome to our daily feature,\u00a0Quote of the Day<\/a>.<\/em><\/p>\n

Tennessee has somewhat bucked the national trend of looking at this and electing to regulate.<\/strong><\/strong><\/p>\n

\u2014 Josh Porte<\/a>, co-chair of Holland & Knight\u2019s legal services transactions team, speaking to the Nashville Post<\/em><\/strong><\/a>\u2060 after the Tennessee Supreme Court declined to lift the state\u2019s ban on nonlawyer ownership of law firms. Unlike California, Colorado, and Illinois, Tennessee hasn\u2019t imposed additional restrictions on outside investment. As Porte noted, \u201ccapital has nevertheless been flowing into legal services\u201d through management services organizations, which let investors back firms\u2019 administrative operations, meaning private equity can still get a piece of the business.<\/em><\/strong><\/strong><\/em><\/em><\/strong><\/p>\n

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Staci Zaretsky<\/a> is the managing editor of Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to email<\/a> her with any tips, questions, comments, or critiques. You can follow her on Bluesky<\/a>, X\/Twitter<\/a>, and Threads<\/a>, or connect with her on LinkedIn<\/a>.<\/em><\/strong><\/p>\n

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The post Private Equity Can\u2019t Own Tennessee Law Firms, But It Can Still Get A Piece Of The Business<\/a> appeared first on Above the Law<\/a>.<\/p>\n

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Ed. note<\/u>: Welcome to our daily feature,\u00a0Quote of the Day<\/a>.<\/em><\/p>\n

Tennessee has somewhat bucked the national trend of looking at this and electing to regulate.<\/strong><\/strong><\/p>\n

\u2014 Josh Porte<\/a>, co-chair of Holland & Knight\u2019s legal services transactions team, speaking to the Nashville Post<\/em><\/strong><\/a>\u2060 after the Tennessee Supreme Court declined to lift the state\u2019s ban on nonlawyer ownership of law firms. Unlike California, Colorado, and Illinois, Tennessee hasn\u2019t imposed additional restrictions on outside investment. As Porte noted, \u201ccapital has nevertheless been flowing into legal services\u201d through management services organizations, which let investors back firms\u2019 administrative operations, meaning private equity can still get a piece of the business.<\/em><\/strong><\/strong><\/em><\/em><\/strong><\/p>\n

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\"\"
<\/figcaption><\/figure>\n

Staci Zaretsky<\/a> is the managing editor of Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to email<\/a> her with any tips, questions, comments, or critiques. You can follow her on Bluesky<\/a>, X\/Twitter<\/a>, and Threads<\/a>, or connect with her on LinkedIn<\/a>.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Ed. note: Welcome to our daily feature,\u00a0Quote of the Day. Tennessee has somewhat bucked the national trend of looking at this and electing to regulate. \u2014 Josh Porte, co-chair of Holland & Knight\u2019s legal services transactions team, speaking to the Nashville Post\u2060 after the Tennessee Supreme Court declined to lift the state\u2019s ban on nonlawyer […]<\/p>\n","protected":false},"author":3,"featured_media":165423,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-165435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-above_the_law"],"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/165435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=165435"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/165435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/165423"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=165435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=165435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=165435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}