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