Taking a hands-off approach
Historically, law firm ownership has been restricted solely to attorneys, but the ABS program changed that when it launched last year. The first licenses wereGerman, who specializes in plaintiff lawsuits and mass torts, decided to start Scout Law Group earlier this year specifically to take advantage of this new license and ownership structure. He believes the resources provided by 777 Partners will allow him and his team to provide justice to more people in need.
“If I had money to operate a law firm exactly the way I wanted to, and to make it so that everybody can be represented, including those that are underrepresented, I would do it in a heartbeat,” he said, describing his early thinking about the ABS program. Steven Pasko, founder and managing partner at 777 Partners, said his firm generally takes a hands-off approach and lets managers run their businesses.