What does it mean to practise law?
What does it mean to manage a law practice?
What skills do you need to have to manage a law practice?
What is a legal practice ?(Mahomed et al. 2016: 113)
A legal practice is defined as “the business enterprise in terms of which legal services are rendered for
financial gain by the owners of the enterprise”
What is the principle objective of having a law practice?
To be financially profitable
A law practice must always be...
conducted within a framework of business and professional ethics
What are other reasons for starting a law practice?
Which Act reflects the different business structures?
The Legal Practice Act
The Legal Practice Act section 34(5) states that attorneys may only practise:
Four different types of business structures for attorney’s practice
Business owned by a single proprieter (attorney) for their own account
Two or more attorneys in partnership conduct law practice and partners are jointly and severally liable for liabilities