LAW FIRMS

 The law firms are a business entity that is made up to engage in law practice.  In order to set up a law firm, one is supposed to have studied a bachelor degree in law and passed the bar exam.  Law firms can be either be made up of one or more lawyers. Only lawyers who have interest or mandate to owe law firms. Law firms offer advises to the clients to legal rights and their responsibilities.  The law firms also represent their clients in either civil or criminal cases and in the business transactions. Law firms’ organizations normally depend on the jurisdiction in which firms practice as a sole proprietorship, the general partnership among others.  The law firms raise capital by the first public offering in the stock market.  Law firms that run 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 law firms. 

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