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Inner Workings of the Law Office

Two or more people do business jointly as partners.
Administrative work and staff meetings
Handles administrative aspects of firm.
To generate billable hours
Formed by licensed professionals and owned by shareholders.
Time billed out by the hour and/or a fraction thereof.
Alternative fee arrangements
Time spent on client's case
Boutique firms and smaller firms
Holds all funds received from clients.
Interest on lawyers' trust accounts
Traditionally kept in firm's law library.
Global and national law firms
Fixed percentage with limits on fees
The simplest business form
Breach of the firm's duty to client
Initial advance payment to the firm