what do you know about law firms
They advise clients about their rights and represent them in court or transactions or other things where legal advise is needed.
when did law firms get their start or get popular?
I'm not really sure. They are organized in many ways, depending on what jurisdiction they are in or what type of law they practice.
i see. what else canyou tell me about law firms that i maynot know
In the US, there is a rule that only lawyers can have an ownership interest or be a manager of a law firm. So you'd have to go to law school if you want to open one.
oh i gotcha. guess i wont be opening up one. anything else? i dont know what questions to ask cuz im clueless about law firms!
Another thing is a law firm can't raise money through offerings on the stock market, they have to get money from equity partners or go in debt.