A law firm is a business entity that is made up to engage in law practice. It can be made up of one or more lawyers. law firm advises the client about legal rights and their responsibilities. The law firm also represents their client in either civil or criminal cases and in the business transactions. Law firm organization depends on the jurisdiction in which firm practices like a sole proprietorship, the general partnership among others.
Only lawyers who have interest or mandate to owe a law firm. The law firm raises capital by the first public offering in the stock market. Law firms that operate in different countries mostly have complex structures that involve the multiple ownerships. Swiss Verein is known to have multinational law firms. The financial statistics are used to measure the performance of a law firm.
