There are many issues faced by people on a daily basis. These issues may be related to their work or personal life. These issues may be small or big and require interference by the law. It is difficult for a layman to understand the terms and sections of the law that they may use for legal purposes, and so, law firms are the best option for them.
Many issues that people may be dealing with in their day to day lives, like family property dispute, divorce, dishonor of cheque, theft, and more require the help of law firms to bring it to justice.
Let us understand all about law firms.
What Is A Law Firm?
A law firm can be called a business entity that is formed by one or more lawyers to practice law. A law firm primarily offers client advice for both corporations and individuals, about their legal responsibilities and rights, and to represent the clients in criminal or civil cases or other matters which require legal advice and any sort of legal assistance.
Law firms are organized in various ways. The common ways are as follows:
Herein, the law firm is the attorney and it is responsible for all profits, losses, and liabilities.
Herein, the members of the firm are the attorneys and they share its profits, losses, liabilities, and ownership.
Herein, stocks are issued to the attorneys similar to that of a business corporation.
Herein, stocks are issued to the attorneys similar to that of a business corporation
Limited Liability Company:
Herein, the attorney owners are known as ‘members’ and are not directly liable to third party lenders of the law firm.
This type of organization operates in a way similar to a limited liability company or a professional corporation.
Limited Liability Partnership (LLP):
Herein, the attorney owners are partners but none of them is liable to any lender of the law firm nor they are liable for any negligence on the part of any other partner. The LLP is taxed as a partnership and enjoys the liability protection of a corporation.
What Does A Law Firm Do?
A law firm offers many types of services to the client, while its primary service is legal consultation and assistance. It can clients from individuals to big corporations. The process of consultation comprises informing the clients about their duties, rights, legal recourse, violations, and the exact position of law. A law firm also represents their client in courts in civil and criminal cases. Here’s what law firms usually work on:
- Assisting the client in understanding their liabilities and rights and making them understand the position of law.
- Representing clients in court cases.
- Helping the client settle cases through alternate dispute resolution mechanisms.
- Helping transact business and take care of all legal compliances.
- Engaging in drafting of documents, like contracts, wills, deeds, vesting documents, employment contracts, lease agreements, and much more.
- Helping the client in protecting the innovations by the way of intellectual property rights.
- Helping in acquisitions, amalgamation, mergers, demergers, and more, of companies and other entities.
Importance Of A Law Firm
Nowadays, law firms are preferred more than an individual lawyer. This is because of the services it offers under one roof. Here is how a law firm is important:
Better Quality Of Work
When a law firm works for a client, a team of experts is dedicated to the case. This invites different ideas and opinions, and some skilled drafting. Herein, the lawyers working on the case are more professional and give quality content.
All Legal Services Under One Roof
A law firm offers many law services. If you are approaching a law firm, you don’t need to go to another as they offer all legal services, like the corporate sector, litigation, consultation, and more. On the other hand, if you visit an individual lawyer, they will have expertise in one subject matter, which limits the services provided.
Discipline And Hierarchy
A law firm is made of more than one member, and so, there is discipline and hierarchy of work. Such organization makes sure that discipline is maintained and there is a proper division of work. There are lawyers who have expertise in one subject matter and they are given work based on the same. There are senior lawyers to guide them and provide the best possible results.
A law firm is also a legal business. Therefore, it becomes important to provide client satisfaction by meeting deadlines, crack deals, and win cases to prove that the money they paid was worth it. Client satisfaction is a law firm’s priority because if the client is not satisfied, they may prefer another law firm.
Choose The Best Law Firm
If you are looking for the best legal service, it is important to consider certain factors. These factors are as follows:
1. Past Client Experience
Understand the law firm’s past client experience. Getting to know about the cases the firm has handled before and how they have dealt with the issues will give you a clear picture if they can handle your case. Understanding if there were issues between the client and the firm can help you know what to expect from the firm.
2. Law Firm’s Size
Another factor to see is the size of the law firm. If you own a small company, then an individual lawyer or legal advisor is sufficient. However, if you are a member of a big company, approaching a law firm is a better idea.
3. Expertise And Experience
It is not important for a law firm to be good only if it is old. However, a good experience in the field of law is important. Understand the law firm’s expertise and experience in the field before choosing them. This helps in understanding how helpful they can be in your case.
Many individuals or companies face a lot of issues on a day to day basis, and they may require legal interference. Just like grocery shops have expanded to supermarkets, individual law practitioners have taken to law firms.
A law firm is a business entity that is formed by more than one lawyer to practice law. A law firm primarily offers client advice for both corporations and individuals, about their legal responsibilities and rights, and to represent the clients in criminal or civil cases or other matters which require legal advice and any sort of legal assistance.
There are many ways in which law firms are organized. These ways are general partnership, sole proprietorship, limited liability company, professional corporations, limited liability partnership, and professional association. Law firms are a better choice for anything legal as they offer better quality of work, have discipline and hierarchy in work, give importance to client satisfaction, offer all legal services under one roof, and more.
When choosing the best law firms, you can consider their past client experience, expertise and experience, and the firm’s size as per your requirement. If you are looking for a good law firm in Chandigarh, Lex Solutions is the best option as it is a one stop destination for all things legal. It is a legal firm comprising the best lawyers offering all kinds of legal services. You can find the best lawyers in Chandigarh working with Lex Solutions. It is considered as one of the best law firms in the city. Consult them for all your legal assistance related needs and get the best experience.