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White-shoe firm. In the United States, a white-shoe firm is a term used to describe prestigious professional services firms that have been traditionally associated with the upper-class elite who graduated from Ivy League colleges. The term is most often used to describe leading old-line law firms and Wall Street financial institutions, as well ...
Law firms are typically organized around partners, who are joint owners and business directors of the legal operation; associates, who are employees of the firm with the prospect of becoming partners; and a variety of staff employees, providing paralegal, clerical, and other support services.
Lawyer jokes, which pre-date Shakespeare 's era, are commonly told by those outside the profession as an expression of contempt, scorn and derision. [1] They serve as a form of social commentary or satire reflecting the cultural perception of lawyers . The first thing we do, let's kill all the lawyers.
This is a list of the world's largest law firms, using data from fiscal year 2021. [1] Firms marked with " (verein)" are structured as a Swiss association. Rank. Firm. Revenue (US$) Lawyers. Revenue per lawyer (US$) Profit per partner (US$) [2] Country with the most lawyers.
The Big Five law firms is a term informally used in South Africa to refer to those law firms which, collectively, are perceived to be the leading law firms based in South Africa. The following firms are usually seen as comprising the "Big Five" (listed alphabetically): [ discuss] [1] [2] [3] Name. Date founded.
Joint and several liability is most relevant in tort claims, whereby a plaintiff may recover all the damages from any of the defendants regardless of their individual share of the liability. The rule is often applied in negligence cases, though it is sometimes invoked in other areas of law. In the United States, 46 of the 50 states have a rule ...