Define: Firm

Firm
Firm
Quick Summary of Firm

A firm is an organisation comprised of individuals collaborating to manage a business, which can take the form of a partnership or a company. A law firm, on the other hand, is a collective of lawyers who join forces to offer legal services to clients. Such firms may adopt a hierarchical structure, with partners and associates. Conversely, a captive law firm is a team of lawyers employed by an insurance company to represent insured individuals in legal disputes. This arrangement can give rise to ethical concerns regarding whether they will prioritize the insured’s best interests.

Full Definition Of Firm

A firm is a term used to describe a group of individuals conducting business together, whether it be a partnership or a company. In the case of a law firm, it is an association of lawyers practicing law together, often sharing clients and profits. These firms can be structured as partnerships, professional corporations, or limited-liability companies. Within a law firm, there is typically a hierarchical structure where partners oversee junior lawyers, known as associates. Additionally, there are captive law firms, which are staffed by employees of an insurance company and primarily defend insured individuals in lawsuits covered under the insurer’s liability policies. These examples demonstrate the various organisational structures and types of firms that exist, from traditional partnerships to those owned by larger corporations.

Firm FAQ'S

Our firm provides a wide range of legal services, including but not limited to, corporate law, family law, real estate law, and criminal defence.

Our attorneys have a combined experience of over 50 years in practicing law. They have successfully handled numerous cases and have a strong track record of achieving favorable outcomes for our clients.

The cost of our legal services varies depending on the nature and complexity of the case. We offer competitive rates and are transparent about our fees. We also provide initial consultations to discuss the details of your case and provide an estimate of the costs involved.

Yes, we offer consultations with our attorneys to discuss your legal concerns and provide guidance. You can schedule a consultation by contacting our firm through phone or email.

The duration of a legal matter varies depending on various factors, such as the complexity of the case, the cooperation of all parties involved, and the court’s schedule. We strive to resolve cases as efficiently as possible while ensuring the best possible outcome for our clients.

Yes, we adhere to strict confidentiality rules and attorney-client privilege. Any information you share with our firm will be kept confidential and protected.

We understand that legal fees can be a concern for many individuals. We offer flexible payment options and, in certain cases, may be able to provide pro bono or reduced-cost services based on your financial situation.

We believe in maintaining open communication with our clients. Our attorneys will provide regular updates on the progress of your case and promptly respond to any inquiries or concerns you may have.

Yes, our firm has experience handling cases in multiple jurisdictions. We have a network of attorneys and resources that enable us to effectively represent clients in various locations.

Our firm prides itself on providing personalized attention to each client and tailoring our legal strategies to meet their specific needs. We have a strong commitment to achieving the best possible outcome for our clients and have a reputation for delivering exceptional legal services.

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Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 16th April 2024.

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Our team of professionals are based in Alderley Edge, Cheshire. We offer clear, specialist legal advice in all matters relating to Family Law, Wills, Trusts, Probate, Lasting Power of Attorney and Court of Protection.

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