The world’s global and economical meltdowns have pushed more Americans to consider shared access to resources, such as housing and autos, over individual ownership. One example of this kind of venture is Zipcar, a car-sharing service which was acquired by Avis two weeks ago for $491.2 million, according to the Associated Press.
As the number of community cooperatives, social enterprises and local sustainable economies increases, so does the need for transactional lawyers to guide individuals through the legal gray areas encountered in a sharing economy.
In her new book, Practicing Law in the Sharing Economy: Helping People Build Cooperatives, Social Enterprise, And Local Sustainable Economies, author Janelle Orsi predicts this trend will continue to gain nationwide momentum and teaches lawyers how to build their practices around the sharing economy and attract and advise like-minded clients. She discusses this and other insights about her book with ABA Journal reporter Rachel M. Zahorsky.
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