A law firm is a business entity that is crafted by a set of lawyers. One or more than one lawyer joins hands to practice the law in the legal profession. They engage in practicing the law as per the jurisdictions. Law Firms in Dubai are one of the best and professional Law Firms in Dubai.
The Primary work of the law firm is to render services to clients. The clients can be individuals, single persons, companies, or corporations. The legal services may include educating the clients about their rights and responsibilities.
In addition, they also take up the work of legal representation to the client in criminal as well as civil cases. Furthermore, they also represent the clients in business transactions and other related matters. They also provide legal advice to their clientele and also other assistance is sought.
Law Firms are formulated in a variety of different ways. They are organized depending upon the jurisdictions of the country the law firm intends to operate or practice. Some of the common arrangements also include the following:
The sole proprietorship is one such arrangement under which a lawyer is a law firm. The sole lawyer or attorney is held responsible for all the profits, losses, and liabilities. There are other arrangements called partnerships. In this, more than one lawyer joins hands to form the law firm. They are responsible for sharing the profits, losses, and liabilities.
Professional Corporations are also formed on a similar pattern as business corporations. They intend to remain the same in earning profits and distributing the losses and liabilities. Under this arrangement, the stock is issued to the lawyer in a similar fashion just as a business corporation.
A limited Liability Company is an arrangement under which the owners and the attorneys are known as members. Under this arrangement, members are not directly liable to third-party creditors. They have limited liability.
A professional association is another arrangement that is similar to Professional Corporation. It is also closer to the limited liability company under which the members enjoy limited profits, losses, and liabilities.
Limited liability partnership is one of the most popular arrangements. Under this, the lawyers and the owners are partners with each other. Although, the biggest benefit of this is that no partner is liable to any creditor of the law firm. Furthermore, no partner is liable for negligence on the part of any other partner. Under this, the attorneys enjoy limited liability protection.
There are multinational law firms that operate in more than one country. Law firms operating in multiple countries and states usually have complex structures. This may be in the form of partnerships, corporations, or Liability companies. Under the multinational law firms, the national and regional law firms join hands to share the branding, administration functions, and many other expenditures.
They also maintain separate revenue pools and also have different compensation structures. On the contrary, a lot of multinational law firms also operate as partnerships, limited liability partnerships under which lawyers are partners. They participate in local operations as well as in various countries as needed by the local regulations.
Law Firm Business: Famous Law Firm in UAE
Law Firm Business is a serious business managed and handled by Professional Lawyers. If we have to recommend a few Law Firms in Dubai then we must say that directly owned and directly managed Emirati Law Firms are the best and professional Law Firms in UAE. For example, the Law Firm Al Shaiba Advocates and Legal Consultants, also known as Ask The Law, is one of the best Law Firms in Dubai due to several reasons. Quality Management, quality advice, quality client support services, professional staff, and the responsible paralegals.
It’s a Full-Service Law Company, which means having capability to serve others in multiple disputes like Labour and Employment Disputes. These disputes are unfair dismissals, unpaid salaries, unpaid gratuities, false Absconding, immigration issues, etc. Other Disputes are like Real Estate Issues, Civil Issues, Criminal Issues, Family Issues, etc. Family Issues or Family Law Cases are like Marriage, Divorce, Child Custody, Alimony, Asset Distribution, etc.
Law Firm Al Shaiba Advocates and Legal Consultants is one of the top Law Firms in Dubai and top Law Firms in UAE. Advocate Mr. Mohamamd Ebrahim Hassam Al Shaiba is the senior Emirati Lawyer and Legal Consultant.