Question: Using the material presented in the chapter, identify the following law practices by their organizational structure: a. Bill James is an attorney who practices law
Using the material presented in the chapter, identify the following law practices by their organizational structure:
a. Bill James is an attorney who practices law on his own. He owns his legal practice, the building in which he works, and most of the office furniture.
He leases his office equipment. Bill has one secretary and one paralegal who work for him.
b. Roberta Wagner owns a law firm with Joe Rosen.
They own equal interests in the firm, participate equally in the firm’s management, and share jointly in its profits and losses. Wagner & Rosen has three associates, six secretaries, and three paralegals who work for the firm.
c. Randall Smith and Susan Street own a law firm together as shareholders. They employ eight associate attorneys, twelve secretaries, and five legal assistants.
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