Please enjoy this blog post co-authored by Mitch Katzer, Data Analyst, Laurel and Purvi Sanghvi, Managing Director, Client Management, Paul Hastings LLP. Over the course of the next few months, Mitch Katzer and Purvi Sanghvi have teamed up to present a series of articles covering the business of law, the life of a billable hour, fee arrangements, and time hygiene. To lay the groundwork, this article centers around how firms are structured.
Article 1: Understanding How Law Firms Are Structured as a Business
At their core, law firms are businesses that provide legal services to clients. However, their structure is unique compared to traditional ...