Industry

Law Firms and Legal MSO Platforms

Law Firm MSOs: Structuring Legal Services Investment

From structuring to close, we guide investors and law firms through every stage of the MSO cycle. 

 

Our team draws on Sheppard's top-ranked Healthcare practice, bringing decades of MSO experience to every engagement.

The Law Firm MSO Cycle: From Structure to Scale

A law firm management services organization (MSO) is a structure investors and law firms use to align investment in legal services with the profession’s ownership rules. Sheppard advises on the full arc: structuring, financing, governance and regulatory strategy for legal services platforms.

As investment in the legal services industry accelerates, the MSO structure has emerged as the vehicle of choice for investors seeking exposure to law firm economics while navigating the profession's ownership restrictions. From first investment to full-scale platform buildout, Sheppard's multidisciplinary team brings together experience across private equity, healthcare, finance and regulatory matters to help clients access capital, build governance frameworks, structure, finance and build legal services platforms that are positioned for long-term growth.

Explore the Full Law Firm MSO Cycle

Law firm MSOs have emerged as a strategic structure for bringing in outside investment and modernizing back-office operations, while staying within the bounds of attorney ethics rules on fee sharing and non-lawyer ownership. See how an investor-backed MSO runs the business while a lawyer-owned firm keeps control of legal work and judgment.

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