Have you ever dreamt of being a lawyer or working in a law firm? Imagining yourself in those suited-booted looks with tight collars, stepping inside a courtroom or for a fact experiencing the courtroom drama which you might have been binge-watching. Are they really the way it appears or is it perception. In this article, we explain to you how a law firm functions and its importance in the present world.
A Law firm shares the same values of a corporate, but it sets apart itself as an entity. It is an association of lawyers that come together under one company to provide services. This is done due to the specialization they hold.
An independent lawyer may be able to provide services based on is professional specialization but when a group of lawyers come under one roof, it becomes easier to acquire a larger clientele.
Law firms can be categorized on three aspects: type of firms, functions, and services.
The type of firm may be a sole proprietorship or a partnership firm or an LLC/LLP depending on the nature of the firm. The functionality of the firm depends on the prior i.e., type of firm. There are directors, associates, and interns. Each of them functions as per their designation. The services provided depends on the sector the firm caters to.
There are many benefits that can enjoy while working in a law firm. As it stands the center point of any business, one can gain the ocean of knowledge here. Moreover, you deal with a diverse client base and opportunities come knocking at your door. Therefore, it is important to choose the right firm to start your career with.
You can read, a detailed analysis of the best law firms in 2021 in our latest edition on The Most recommended Law firm to Watch, 2021 with AKM Mylsamy & Associates LLP in which Subratha Mylsamy, Partner of the firm highlights her experiences about working with comprehensive business law solutions and her journey so far. It is, thus, inspiring to me to see such law firms and get to know about their engagements. One can also look forward to how Raghvendra P Singh, CEO, Concept Legal international talks about ethics that drive the law firms, as he established it based on three basic pillars of their services- the professionalism, effectiveness and the complexity of solutions and carved out his own path scaling new heights. Similarly, Poorvi Chothani, Founder & Managing Partner at LawQuest has shaped a future in the legal field by providing pioneering solutions to its clients.
In this era, where we are surrounded with so many challenges, the lawyers and a law firm stand as a strong support system with concrete solutions for the betterment of the individual, firm & society.