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What Is a Law Firm

Sep 20

Chagrin Falls Business Lawyer firm is a legal practice or company that provides services for clients. These firms may offer a full range of legal services to individuals, businesses and corporations. Firms also offer litigation services when necessary. Law firms come in a variety of sizes and types, ranging from solo practices to multi-state, multi-staffed legal organizations. The largest legal firms are often considered international in scope and are capable of handling nearly any type of legal challenge faced by individuals, small businesses and large corporations.

The size of a law firm may determine its structure and hierarchy. For example, larger firms may operate under a two-tier partnership model that distinguishes between equity and non-equity partners. Equity partners hold a ownership stake in the law firm, have complete voting rights and share in the firm profits. Non-equity partners are typically paid a salary, but have limited voting rights in the management of the law firm.

Smaller law firms typically employ a single-tier partnership structure. This type of structure enables the firm to maintain simplicity in terms of its structure and hierarchy. Lawyers are classified as associates or full equity partners, with the latter holding a greater level of responsibility and having complete voting rights in firm management decisions. In general, these partners are expected to manage the day-to-day operations of the law firm.

Many firms also hire "fee earners" who provide legal work to external clients for a fee. These workers are generally tasked with meeting specific productivity goals set by their employers, which can include a certain number of billable hours per week. Some lawyers may choose to work on contingency basis, receiving payment only if they win their case or settlement.

A business lawyer can provide a wide range of services to a corporation, including the review and drafting of contracts, employment agreements and other documents for a business. The lawyer can also advise the corporation regarding tax issues and other regulations affecting a business. A skilled business lawyer can help a company to avoid costly mistakes and make informed legal decisions that benefit the business in the long run.

When relationships among co-owners of private companies deteriorate to the point that they can no longer work together, a business divorce attorney may be needed. Our team has the expertise and experience to devise strategies and solutions that eliminate the distraction, expense and escalation of hostilities that can accompany the breakdown of a private company.

In addition to helping individuals with their personal or family law issues, a New York business lawyer can help clients resolve complex commercial disputes and protect their financial interests in litigation. Our attorneys have years of experience negotiating and settling cases in courts throughout the state, including the Court of Appeals and Supreme Court of the United States. We understand the importance of maintaining a strong relationship with our clients and always treat them with respect and compassion, regardless of the complexity of their case.

Robert Adelman Law
49 W Orange St
Chagrin Falls, OH 44022
(440) 589-6900