This article is an excerpt from Law Firm Disrupted, a weekly newsletter by Dan Packel on the new competitive pressures on law firms and how their managers are coping. Have an opinion? Email Dan here. Want this dispatch in your inbox every Thursday? Sign up here.

Welcome to Florida sign. Credit: Ingo70/Shutterstock Credit: Ingo70/Shutterstock

I’ve been making a bunch of calls out to Arizona and Utah lately. And while I’ve been talking a little basketball (congrats to Chris Paul and the Phoenix Suns for advancing to the NBA Finals), the main focus has been learning more about what recent regulatory reforms have meant for the bigger law firms in both those states. As more and more jurisdictions weigh changes to fee-sharing and outside investment, I want to find out what’s happened in these early movers.