Today people have become so much more advanced and confident that they can confront any individual and fight for the social justice. But there are certain areas where people need to give special attention. They themselves feel helpless in enjoying their own rights. They are deprived of their own rights that are provided to them. Lagging behind in exercising their rights leads them to fall to hypocrites of the modern world.
There is solution to come out of this problem which makes people exercise their rights to the fullest in order to live freely and happily. This is provided by the law firms. Basically, a law firm is generally a business entity formed by one or more lawyers to engage in the practice by providing its clients information and advice about their legal rights and responsibilities. It is also responsible for representing them in civil and criminal cases.
The law firms can be divided into a series of classifications:
- Sole Proprietorship– It includes attorney to be the only responsible person for all the profit, loss and liability.
- General Partnership– It includes the member attorneys to share the profit, ownership and liabilities.
- Limited Liability Company– In this, attorney owners are not directly liable to third party creditors of the law firm.
- The law firms can practice in many field areas including transactional matters and litigation before state, federal, appellate and tax court. The practice areas generally define the specializations of the law firms.
A few specialized areas are described below: