FREE Law Firm Structures Questions and Answers

Large law firms offer which of the following?

Complex and challenging work in a fast-paced environment

Limited career opportunities

A slow pace so workers can take their time

Easy work with no challenges

Correct! Wrong!

How do partners earn a share of the firm's profits?

By winning the most cases

By billing the most hours

By working on cases solo or presiding over a team of associates

By bringing in the most clients

Correct! Wrong!

What is a boutique law firm?

A law firm that focuses on a highly specialized area of law

A law firm that only represents large companies

A law firm that only handles criminal cases

A law firm that delivers mass-produced legal services

Correct! Wrong!

What do non-equity partners receive?

Limited voting rights

Ownership of the firm

The opportunity to become full equity partners

The prestige of holding the title of partner

Correct! Wrong!

Which of the following roles is NOT needed in a law firm?

IT support technician

Human resource manager

Financial bookkeeper

Operational administrator

Correct! Wrong!

What do transactional law firms do?

Transactional law firms oversee contract signings and out-of-court proceedings.

Transactional law firms only work with contracts.

Transactional law firms only advise their clients.

Transactional law firms handle in-court proceedings.

Correct! Wrong!

What is the main difference between paralegals and legal assistants?

Paralegals cannot draft legal documents

Paralegals are lawyers

Paralegals help lawyers draft, edit and organize legal documents while legal assistants mostly handle clerical tasks.

Paralegals only work with lawyers

Correct! Wrong!

Large law firms offer which of the following?

How do partners earn a share of the firm's profits?

What is a boutique law firm?

What do non-equity partners receive?

Which of the following roles is NOT needed in a law firm?

What do transactional law firms do?

What is the main difference between paralegals and legal assistants?

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