Semester 1 Exam Pt 2

Front

A small firm that primarily accepts cases only in one or two areas of the law is sometimes called a(n)

Back

boutique firm

Front

A law firm management structure in which subgroups of partners and shareholders make management decisions for the firm is called

Back

rule by management committee/board

Front

The Fair Labor Standards Act

Back

sets minimum wage and overtime pay requirements

Front

An associate is usually with a firm from ____________________ before being considered for a partnership position.

Back

5 to 10 years, depending on the size of the firm

Front

The function of a private law firm, like any business, is to ________________.

Back

operate at a profit and earn money for its owners

Front

Managing partners are ______________________ by the partnership to serve for a set amount of time, such as one or two years.

Back

elected

Front

According to the text, paralegals are ________________ for law offices.

Back

profitable

Front

_________________________ handle a variety of legal matters/cases in such areas as contracts, labor relations, employee benefits, federal tax law, intellectual property, environmental law, general litigation, Security and Exchange Commission (SEC) filings, general litigation, real estate law, and workers’ compensation claims.

Back

Corporate law departments

Front

According to the text, the paralegal occupation is projected to_______________?

Back

grow faster than the average for all occupations

Front

Management decisions regarding how a law office operates its office (nonlegal functions) are called ____________.

Back

administrative management