A law firm, also referred to as a litigation firm, is a legal business entity typically set up by one or more attorneys to engage in the professional practice of law. The primary function of a law firm is to assist clients in the resolution of their legal matters. In contrast to a corporation, a law firm has limited liability. It may be a solo practitioner, a partnership, or an agency. For most attorneys, the primary avenue of business activity is the litigation field.

 

There are many multinational law firms that provide a wide range of legal services to corporate clients. At these law firms, associates are expected to specialize in various areas of the law in order to provide the maximum amount of value to their clients. Some associates work in the area of corporate law, while others work in criminal law. There are even associates who specialize in family law. While associates can specialize in any or all of the legal services that they handle, they usually begin their careers working as associates with other associates.

 

Although there are large firms that employ dozens of lawyers, smaller ones cannot and should not be considered equal to larger firms in terms of size, scope, and experience. These smaller law firms are usually composed of only ten or twelve attorneys. Though there are several advantages to operating within a smaller area of the law, these smaller law firms must still compete with hundreds of other businesses for the same business. As a result, many smaller firms seek to outsource some of the work that they need to do in order to free up more time for them to handle other issues within their firm.

 

One important aspect of a law firm's business is the fact that it typically has partners. Partners are the individual lawyers who take on the legal works of a law firm. Partners share a common interest, such as the handling of a particular case, but they also have their own personalities. Many times these personalities conflict and one partner may make decisions that may affect the other partner.

 

Many law firms have equity partners. Equity partners are individuals who have, either individually or through a corporation, invested in a certain part of the law firm. They have partial control over the firms' assets and liabilities. Equity partners also have the right to participate in management and can vote in certain matters. Some equity partners may also serve as directors or officers of the firms.

 

The majority of attorneys choose to start out by working for the most prestigious law firms. Once these professionals complete their education and pursue other interests, they may find themselves working in smaller areas. In order to find the best attorney, potential candidates should consider interviewing a number of lawyers before making a final decision on who to hire. By using the Internet, one can easily search for a number of different law firms and receive an in-depth interview from each one.