Law Firm Law and Legal Definition
A law firm is an association of lawyers who practice law. It is a business entity formed by one or more lawyers to engage in the practice of law. Usually, the members of a law firm share clients and profits. Traditionally, the law firms were partnerships. Currently, the law firms are organized in a variety of ways, depending on the jurisdiction in which the firm practices. Sole proprietorship, general partnership, professional corporations, limited liability company, professional association, and limited liability partnership are some of the common arrangements. Many law firms have a hierarchical structure. The partners (shareholders) supervise the senior associates (senior lawyers) who in turn supervise their associates (junior lawyers). The law firms also employ paralegals to help them. The associates are usually employed on a track to partnership.
Law firms provide legal services to individuals and corporations. The primary service provided by a law firm is to advise clients about their legal rights and responsibilities, and to represent their clients in civil or criminal cases, business transactions and other matters in which legal assistance is sought. Legal services are an important consideration for any individual or business owners who often face a number of legal hurdles.