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FREE Law Firm Structures Questions and Answers
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How do partners earn a share of the firm's profits?
By winning the most cases
By bringing in the most clients
By working on cases solo or presiding over a team of associates
By billing the most hours
Correct!
Wrong!
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What is the main difference between paralegals and legal assistants?
Paralegals help lawyers draft, edit and organize legal documents while legal assistants mostly handle clerical tasks.
Paralegals cannot draft legal documents
Paralegals are lawyers
Paralegals only work with lawyers
Correct!
Wrong!
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Which of the following roles is NOT needed in a law firm?
Operational administrator
IT support technician
Financial bookkeeper
Human resource manager
Correct!
Wrong!
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What do non-equity partners receive?
The opportunity to become full equity partners
Limited voting rights
The prestige of holding the title of partner
Ownership of the firm
Correct!
Wrong!
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What is a boutique law firm?
A law firm that only handles criminal cases
A law firm that focuses on a highly specialized area of law
A law firm that only represents large companies
A law firm that delivers mass-produced legal services
Correct!
Wrong!
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Large law firms offer which of the following?
A slow pace so workers can take their time
Complex and challenging work in a fast-paced environment
Limited career opportunities
Easy work with no challenges
Correct!
Wrong!
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What do transactional law firms do?
Transactional law firms oversee contract signings and out-of-court proceedings.
Transactional law firms handle in-court proceedings.
Transactional law firms only work with contracts.
Transactional law firms only advise their clients.
Correct!
Wrong!
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