THE BASIC ARRANGEMENTS AND TYPES OF LAW FIRMS
Law firms are entities that practice the law and can be formed by a single lawyer or a group of lawyers. The primary functions of all law firms are advising their customers about their rights and responsibilities that are stated by the law. They can also present clients in courts as well as oversee business transactions and any other matters that involve the law and where legal advice is needed.
Law firms exist in different sizes and dimensions depending on the type of service provided and the number of lawyers employed in a law firm. Explained below are some of the basic arrangements of law firms that exist.
- Sole Proprietorship
These are law firms owned by a single attorney who oversees all operations. There can be a single secretary or the attorney can exist alone. He is in charge and responsible for any profits or losses incurred and responsible for …