An Introduction to Law Firm Practice
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Navigating your way through a law firm practice can be overwhelming, especially in larger firms. A firm is made up of equity and non-equity partners, senior attorneys, senior associates, "Of Counsel" designates, associates, and interns, in addition to the paralegals, managers, and support staff that all help make a law firm run effectively and efficiently. A new guide by the ABA Law Practice Management Section, Introduction to Law Firm Practice, is a systematic study of how lawyers practice law at private firms and will help you navigate your way through how a law firm operates. In an easy-to-read format, this guide contains basic information on a law firm, such as "how do equity and non-equity partners differ" and who is "Of Counsel" to more advanced concepts, such as a discussion of the market for legal services and strategic alignment of a law firm. This guide discusses: the organizational structure and promotional tracks for the firms work.
How firms develop business and generate revenue.
Lawyer compensation and the review process.
Intake of client matter, including engagement letters, retainers, and conflict checking law firm profitability business development efforts for new clients, such as advertising, direct mail and email, in-person solicitation, preparing RFP/RFI responses, and more firm culture and demands on your time mentoring and much more!Whether you're a law student interested in working in a law firm or a young lawyer who would like to gain a better understanding of how your law firm operates, this guide will provide you with the "ins" and "outs" you need to help you navigate your way through a law firm and excel in such a firm.