The Firm Handshake
Preston Alexander, Sarah CovingtonLaw firm ownership, ABS, and MSO structuring
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 4 | Founded | 4 months ago | Last Issue | 4 months ago |
| Active | |||||
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thefirmhandshake.substack.comLatest Issues
Issue 3 - ABS/MSO-PC's Need Good Folks
We need to talk about MSO-PC structuring.
It’s been part of healthcare for years, and it’s starting to gain real traction in legal practices. But if you’re only seeing headlines about private equity risk and professionals losing contro...
Issue 2 - MSO-PC structuring beyond Private Equity
Why This Conversation Is Bigger Than Private Equity
When lawyers hear “MSO-PC structure,” many immediately think of private equity trying to get around Rule 5.4.
That framing is far too narrow.
In reality, MSO-PC structuring is not a...
Who Can Own a Law Firm in 2026? The Real State of Law Firm Ownership
Traditional Ownership Rules (Baseline)
For decades, the foundational rule in U.S. legal ethics has been simple: only lawyers can own law firms and share in legal fees because non-lawyer ownership raises concerns about conflicts with la...
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