For generations, the legal profession has been defined primarily by the practice of law. While that remains unchanged, the business surrounding legal practice continues to evolve.
Many law firms are becoming increasingly sophisticated enterprises. They invest in operations, technology, talent, marketing, and long-term growth. They manage portfolios of contingent assets, evaluate financing alternatives, consider strategic partnerships, and navigate decisions that extend well beyond legal representation.
As these developments continue, capital is becoming a more important part of the conversation. Litigation finance, law firm lending, private investment, strategic partnerships, and other forms of commercial capital are creating new opportunities—and new questions—for law firms and the broader legal industry.
Throughout this platform, we use the term "Legal Capital" to describe the financial, strategic, and commercial environment developing around modern law firms and legal assets. It is a field that continues to mature, and one that we believe will play an increasingly meaningful role in the future business of law.