Law Firm, Law Firm, Legal Firm or Law Firm is the name used to designate companies that provide legal services with a fixed plant of lawyers or lawyers, integrated into the company by contract or by express agreement of association .
What is common in these firms is that as lawyers gain experience they move up the corporate hierarchy to become partners or members of an internal management group. In the event that the lawyer becomes part of the Company and manages to have a percentage of the company's capital stock, his income will be linked to the company's income.
Law firms often choose corporate types different from the usual types (corporation or limited liability company) and often opt for less regulated options, such as partnership or limited partnership. Functioning
In this type of entities, for the categorization of the lawyer according to their degree of experience, names are usually used as a partner (case of the owners of the firm); associates (case of specialist attorneys with profit sharing but without political rights or external lawyers who render their services to the firm in special cases); "junior" (case of lawyers with less experience and who are subordinated to partners or "senior").
The utility of this type of group is that, with respect to the client or user, the client can access a group of lawyers who handle different areas of law with some degree of specialization. However, in turn it has as a consequence the depersonalization of the work performed by the lawyer, since he does not know in an integral way the cases of the client, but only those that by area of knowledge or dedication addresses.
Another drawback from the practical point of view is that because of the large infrastructure required for the maintenance of the team of lawyers, costs increase substantially, and the attention and destination of the issues handled, in most cases are seen not by experienced lawyers, ending up in the hands of junior lawyers.
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