Chapter 14 Law Office Administration Flashcards Preview

legal terms > Chapter 14 Law Office Administration > Flashcards

Flashcards in Chapter 14 Law Office Administration Deck (67)
Loading flashcards...
1

A form of business that does not have a separate legal identity apart from the one person who owns all of the assets and assumes all debts and liabilities.

Sole Proprietorship

2

Liability that can be satisfied out of an individuals personal assets

Personal Liability

3

Restricted liability; liability that can be satisfied out of business assets, not out of personal assets.

Limited Liability

4

An attorney who practices alone- without partners or associates in the office.

Sole Practitioner

5

A professional who handles any kind of case

General practitioner

6

A firm that specializes primarily in one area of the law.

Boutique Law Firm

7

(1) an employee who is still in law school or who has completed law school and is waiting to pass the bar. (2) One who provides research and writing assistance to a judge.

Law Clerk

8

a student in a law office seeking practical experience

Legal Intern

9

Attorneys who are sole practitioners share the use and overhead costs of an office.

Office Sharing

10

The operating exposes of a business (e.g. office rent, furniture, insurance clerical staff) for which customers or clients are not charged

Overhead

11

A voluntary association of two or more persons to place their resources in a jointly owned business or enterprise, with a proportional sharing of profits and losses. Partners make the ultimate decisions on how the business or enterprise should be managed

Partnership

12

An attorney who brings fee generating cases into the office due to his or her extensive contacts an/or reputation as a skilled attorney.

rainmaker

13

a partners advance against profits or net income

Draw

14

an attorney employee of a partnership who hopes to eventually be promoted to partner.

Associate

15

anyone hires from another law office

lateral hire

16

an attorney who has been passed over for partner statues but who remains at the firm.

Senior Associate

17

A special category of partner who does not own the firm in the sense of an equity or capital partner.

Nonequity partner

18

A full owner partner in the firm

Equity partner

19

a full time attorney employee who has no expectation of becoming a full partner.

Staff attorney

20

an attorney who is semi retired or has some other special status in the law firm.

of counsel

21

an attorney hired to work for a relatively short period of time, usually on specific cases or projects

contract attorney

22

a corporation of persons performing services that require a professional license

Professional corporation (PC)

23

A company or partnership whose owners are taxed like a partnership and have the limited liability of a corporation.

Limited liability entity

24

a law office within a corporation containing salaried attorneys who advise and represent the corporation.

Corporate Legal Department

25

the chief attorney in a corporate law department

General counsel

26

a partner whose primary responsibility is management of the law firm

managing partner

27

an individual, usually a non attorney, who has responsibility for the day to day administration of a law office.

Legal Administrator

28

a paralegal who helps recruit, rain and supervise all paralegals in a law office

Paralegal Manager

29

paying an outside company or service to perform tasks usually performed by one's own employees.

Outsourcing

30

recording time spent on a client matter for purposes of billing and productivity assessment

timekeeping