Regulatory agency
Appears in 1 story · Last updated Sep 22, 2026
As of September 2026: Would enforce violations under AB 2305; administers Rule 5.4
Private equity spent a decade buying into professional services partnerships in finance and medicine. California's Supreme Court just closed that door for law firms, approving a rule that bars private equity funds and hedge funds from owning or controlling legal practices in the state.
Updated Sep 22
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