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Law Firm
A law firm is a business entity formed by one or more lawyers to engage in the practice of law. The primary service rendered by a law firm is to advise consumer, clients (individuals or corporations) about their legal rights and Obligation, responsibilities, and to represent clients in civil case, civil or Criminal law, criminal cases, business transactions, and other matters in which legal advice and other assistance are sought. Arrangements Law firms are organized in a variety of ways, depending on the jurisdiction in which the firm practices. Common arrangements include: * Sole proprietorship, in which the attorney ''is'' the law firm and is responsible for all profit, loss and liability; * General partnership, in which all the attorneys who are members of the firm share ownership, profits and liabilities; * Professional corporations, which issue stock to the attorneys in a fashion similar to that of a business corporation; * Limited liability company, in which the attorney-ow ...
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Swiss Verein
A Swiss association ("" in German, "" in French, "" in Italian) is a type of corporation in Swiss law. It is similar to the Anglo-American voluntary association. Unlike in Germany, a Swiss association does not need to be registered in order to obtain legal personality, but must be registered if it "conducts a commercial operation". An association can serve as a non-profit organization (NPO) or non-governmental organization ( NGO) and this form is used by several Swiss sections of international NGOs such as Amnesty International, and the World Wildlife Fund, by business firms (see below) or by international organizations such as the Fédération Internationale de Football Association (FIFA). The form can also be used by political parties and alliances, such as trade unions. As the establishment of an association involves little paperwork and no registration or fees, it is an important legal form in Switzerland and often used by groups such as sport and social clubs. It has also ...
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Botanic House - Geograph
Botanic is an adjective related to botany Botany, also called plant science, is the branch of natural science and biology studying plants, especially Plant anatomy, their anatomy, Plant taxonomy, taxonomy, and Plant ecology, ecology. A botanist or plant scientist is a scientist who s ..., the study of plants. Botanic may also refer to: * Botanic (District Electoral Area), an electoral ward of Belfast, Northern Ireland, named after Belfast's Botanic Gardens ** Botanic railway station, serving this area of Belfast See also * Botany (other) * Botanique (other) * Botanical garden (other) {{Disambig ...
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Line Of Credit
A line of credit is a credit facility extended by a bank or other financial institution to a government, business or individual customer that enables the customer to draw on the facility when the customer needs funds. A financial institution makes available an amount of credit to a business or consumer during a specified period of time. A line of credit takes several forms, such as an overdraft limit, demand loan, special purpose, export An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is a ... packing credit, term loan, discounting, purchase of commercial bills, traditional revolving credit card account, etc. It is effectively a source of funds that can readily be tapped at the borrower's discretion. Interest is paid only on money actually withdrawn. Lines of credit can be secured b ...
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Earnings Before Interest And Taxes
In accounting and finance, earnings before interest and taxes (EBIT) is a measure of a firm's profit that includes all incomes and expenses (operating and non-operating) except interest expenses and income tax expenses. Operating income and operating profit are sometimes used as a synonym for EBIT when a firm does not have non-operating income and non-operating expenses. Formula *EBIT = (net income) + interest + taxes = EBITDA – (depreciation and amortization expenses) *operating income = (gross income) – OPEX = EBIT – (non-operating profit) + (non-operating expenses) where *EBITDA = earnings before interest, taxes, depreciation, and amortization *OPEX = operating expense Overview A professional investor contemplating a change to the capital structure of a firm (e.g., through a leveraged buyout) first evaluates a firm's fundamental earnings potential (reflected by earnings before interest, taxes, depreciation and amortization (EBITDA) and EBIT), and then determines the ...
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The American Lawyer
''The American Lawyer'' is a monthly legal magazine and website published by ALM Media. The periodical and its parent company, ALM (then American Lawyer Media), were founded in 1979 by Steven Brill.''Media and American Courts''
by S. L. Alexander, ABC-CLIO, 2004. Retrieved November 25, 2021.
In 1983, journalist and lawyer Tom Goldstein wrote an in-depth review of ''The American Lawyer'' that was published by the '' Columbia Law Review'', observing that, following "a series of court decisions since 1977" that allowed self-promotion by lawyers; the magazine was the first to treat law as a business, rather than solely as a profession. In 1986, American Lawyer Media purchased Review Business Publications of ...
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Baker McKenzie
Baker McKenzie is an international law firm headquartered in Chicago. Founded in 1949 under the name Baker & McKenzie, it has 68 offices in 46 countries and employs 4,558 attorneys. History Co-founding partner Russell Baker, who had graduated from the University of Chicago Law School, opened his first practice, Baker & Simpson, in Chicago in 1925. The firm provided legal services to the growing Mexican American community in Chicago, which would set a foundation for its global reach. In 1949 Baker was joined by John McKenzie, a graduate from Loyola University Chicago School of Law, who helped further establish the international practice. Baker McKenzie became an international firm beginning in 1955, when a lawyer in Venezuela contacted Baker McKenzie about opening a joint venture office in Caracas. Russell Baker's son, Donald, moved to Caracas to launch the satellite office. Within the next three years, offices were opened in Washington, D.C., Amsterdam, Brussels, Zürich, ...
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KPMG
KPMG is a multinational professional services network, based in London, United Kingdom. As one of the Big Four accounting firms, along with Ernst & Young (EY), Deloitte, and PwC. KPMG is a network of firms in 145 countries with 275,288 employees, affiliated with KPMG International Limited, a private English company limited by guarantee. The name "KPMG" stands for "Klynveld Peat Marwick Goerdeler". The initialism was chosen when KMG (Klynveld Main Goerdeler) merged with Peat Marwick in 1987. KPMG has three lines of services: financial audit, tax, and advisory. Its tax and advisory services are further divided into various service groups. In the 21st century, various parts of the firm's global network of affiliates have been involved in regulatory actions as well as lawsuits. History Early years and mergers In 1816, Robert Fletcher started working as an accountant and in 1839 the firm he worked for changed its name to Robert Fletcher & Co. William Barclay Peat join ...
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District Of Columbia Statehood Movement
The District of Columbia statehood movement is a political movement that advocates making the District of Columbia a U.S. state, to provide the residents of the District of Columbia with voting representation in the Congress and complete control over local affairs. Since its establishment by the "District Clause" in Article I, Section 8, Clause 17 of the United States Constitution, the District of Columbia has been a federal district under the exclusive legislative jurisdiction of the United States Congress. It is currently debated whether the District of Columbia could be made a state by an act of Congress or whether it would require a constitutional amendment. Alternative proposals to statehood include the retrocession of the District of Columbia and voting rights reforms. If the District of Columbia were to become a state, it would be the first state admitted to the union since 1959. (see also 51st state) As a state, it would rank 49th by population as of 2020 (a ...
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Adversarial System
The adversarial system (also adversary system, accusatorial system, or accusatory system) is a legal system used in the common law countries where two advocates represent their parties' case or position before an impartial person or group of people, usually a judge or jury, who attempt to determine the truth and pass judgment accordingly. It is in contrast to the inquisitorial system used in some civil law (legal system), civil law systems (i.e. those deriving from Roman law or the Napoleonic code) where a judge investigates the case. The adversarial system is the two-sided structure under which Criminal procedure, criminal trial courts operate, putting the prosecution against the defense. Basic features Adversarial systems are considered to have three basic features. The first is a neutral decision-maker such as a judge or jury. The second is presentation of evidence in support of each party's case, usually by lawyers. The third is a highly structured procedure. The rules of evi ...
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Conflict Of Interest
A conflict of interest (COI) is a situation in which a person or organization is involved in multiple wikt:interest#Noun, interests, financial or otherwise, and serving one interest could involve working against another. Typically, this relates to situations in which the personal interest of an individual or organization might adversely affect a duty owed to decision-making, make decisions for the benefit of a third party. An "interest" is a commitment, obligation, duty or goal associated with a specific social role or practice. By definition, a "conflict of interest" occurs if, within a particular decision-making context, an individual is subject to two coexisting interests that are in direct conflict with each other ("competing interests"). This is important because under these circumstances, the decision-making process can be disrupted or compromised, affecting the integrity or reliability of the outcomes. Typically, a conflict of interest arises when an individual occupies tw ...
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Legal Services Act 2007
The Legal Services Act 2007 is an Act of the Parliament of the United Kingdom that seeks to liberalise and regulate the market for legal services in England and Wales, to encourage more competition and to provide a new route for consumer complaints. It also makes provisions about the Legal Profession and Legal Aid (Scotland) Act 2007. Regulatory objectives Section 1 of the Act defines eight regulatory objectives: *Protecting and promoting the public interest; *Supporting the constitutional principle of the rule of law; *Improving access to justice; *Protecting and promoting the interests of consumers of legal services; *Promoting competition in the provision of legal services; *Encouraging an independent, strong, diverse and effective legal profession; *Increasing public understanding of the citizen's legal rights and duties; *Promoting and maintaining adherence to the professional principles; The professional principles are: *Authorised persons should act with independence ...
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ABA Journal
The ''ABA Journal'' (since 1984, formerly ''American Bar Association Journal'', 1915–1983, evolved from '' Annual Bulletin'', 1908–1914) is a monthly legal trade magazine and the flagship publication of the American Bar Association. It is now complemented online by a full-featured website, abajournal.com and its various e-newsletters and apps. History Bulletin In 1908, the ''Annual Bulletin'' was founded by the Comparative Law Bureau (1907–1933) of the American Bar Association. The first comparative law journal in the U.S., it surveyed foreign legislation and legal literature. Circulated to all ABA members, it ran from 1908 to 1914 and was absorbed in 1915 by the ABA's newly formed ''Journal''. Journal In 1915, the ''American Bar Association Journal'' (abbreviated ''Am. Bar Assoc. j.'') was founded as a quarterly magazine. Published by the ABA, it ran under this title from January 1915 to December 1983, for volume 1 to 69. Quarterly from 1915 to 1920LOC, "American Bar ...
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