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