LLPs in Illinois offer limited personal liability and are particularly suitable for professional service firms due to their management flexibility and pass-through taxation. LLCs provide a balance between flexibility and liability protection, with the option for corporate taxation.
It wasn't because Evangelis clerked for Justice O'Connor from July 2004 until June last year, or that Kapur now works at O'Melveny & Myers. What really caught our eye was the name of the firm Evangelis now works for: Ziffren, Brittenham, Branca, Fischer, Gilbert-Lurie, Stiffelman, Cook, Johnson, Lande & Wolf.
Limited Liability Company (LLC) As with a partnership, you should have an attorney draw up a formal operating agreement for members. The LLC model is relatively new, but is quickly becoming the legal structure of choice for small businesses due to the combined liability and tax advantages.
While an LLC can be created to serve “any legal purpose,” a PLLC is a type of LLC that provides licensed services. Typically, its members need to belong to the same profession, though there are some exceptions. A PLLC must serve a specific purpose: to provide services related to its member or members' profession.
The LLC is also appropriate for professional service firms (when allowed), such as law firms or accounting firms, closely held corporations, or family businesses.
The Correct Use of “Esquire” Write the person using a standard courtesy title (“Mr. Robert Jones” or “Ms. Cynthia Adams”) Skip the courtesy title and put “Esquire” after the name, using its abbreviated form, “Esq.” (“Robert Jones, Esq.” or “Cynthia Adams, Esq.”)
Supreme Court Rule 721 requires a law firm that is organized as a professional service corporation, professional association, limited liability corporation or registered limited liability partnership to obtain a certificate of registration from the Supreme Court before engaging in the practice of law in Illinois.
BTI Consulting again dubbed Quinn Emanuel the world's “most feared” law firm – one that “top legal decision makers do not want to see on the other side.” This is Quinn Emanuel's 10th time on BTI's annual “Fearsome Foursome” list, a select group of the most-feared firms.
However, ing to the Wall Street Journal, the longest firm name is the entertainment law firm Ziffren, Brittenham, Branca, Fischer, Gilbert-Lurie, Stiffelman, Cook, Johnson, Lande & Wolf.
In 2024, the highest paying law firms in India offer starting salaries ranging from ₹15-18 LPA for fresh graduates, with senior lawyers and partners earning up to ₹1 crore annually.