Discussion on "Advantages and Disadvantages of Establishing a Private Law Firm"

The disadvantage of individual law firms is their weak ability to take risks and their inability to handle major legal affairs.

The benefits of individual law firms are obvious. First, the establishment method is flexible, which can solve the problem that the number of lawyers in the western region is small and it is impossible to set up a law firm. Second, it can meet the daily legal needs of ordinary people. The third is to reduce the burden on lawyers.

General legal affairs, individual law firms can basically handle, involving major legal affairs, can cooperate with other lawyers. This kind of cooperation may have the risk of cross-practice. In order to avoid this risk, we can sign several entrustment contracts respectively, which stipulate our respective work, both division of labor and cooperation.

While individual law firms are blooming everywhere, they are also facing fierce competition among them. In this fierce competition, some individual law firms have gained a firm foothold and their business has advanced by leaps and bounds. If the relevant regulations limit the size of individual law firms, these individual law firms will have to consider other forms, such as finding a few more people to partner, or finding a few people to set up a partnership law firm in name, so as to avoid the legal restrictions on individuals and make the law firms develop faster and better.

Some people are struggling in the competition. On the one hand, we have to bear the high expenses brought by individual business opening, on the other hand, the business income is stretched. Faced with this dilemma, these lawyers have to consider rejoining other partnerships and interpret the story of returning from the end to the starting point.

The remaining individual law firms have not reached the point where they have to change the law firm system because of the huge increase in business volume, and there is no embarrassment of struggling. Such individual law firms have been preserved and become the norm of most individual law firms.