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2. Engagement letter - Wikipedia

   en.wikipedia.org/wiki/Engagement_letter

   An engagement letter defines the legal relationship (or engagement) between a professional firm (e.g., law, investment banking, consulting, advisory or accountancy firm) and its client(s). This letter states the terms and conditions of the engagement, principally addressing the scope of the engagement and the terms of compensation for the firm.

3. Retainer agreement - Wikipedia

   en.wikipedia.org/wiki/Retainer_agreement

   It is common for a person seeking the services of a lawyer (attorney) to pay a retainer ("retainer fee") to the lawyer, to see a case through to its conclusion. [2] A retainer can be a single advance payment or a recurring (e.g. monthly) payment. Absent an agreement to the contrary, a retainer fee is refundable if the work is not performed. [3]

4. Letter of intent - Wikipedia

   en.wikipedia.org/wiki/Letter_of_intent

   A letter of intent (LOI or LoI, or Letter of Intent) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement , term sheet or memorandum of understanding .

5. Of counsel - Wikipedia

   en.wikipedia.org/wiki/Of_counsel

   According to American Bar Association Formal Opinion 90-357, the term "of counsel" is used to describe a "close, personal, continuous, and regular relationship" between the firm and counsel lawyer. [1] In large law firms, the title generally denotes a lawyer with the experience of a partner, but who does not carry the same workload or business ...

6. List of largest United States–based law firms by head count

   en.wikipedia.org/wiki/List_of_largest_United...

   Firm name Largest U.S. Office [2] Total number of lawyers (2022) [2] Number of associates (2022) [2] Number of partners (2018) [2] Total revenue (millions, in 2018) [3] Notes 1 Baker McKenzie: Chicago: 4795 2865 1518 $2,900 2 DLA Piper: New York City: 4028 2492 1317 $2,634 3 Norton Rose Fulbright: New York City: 3084 1928 1087 $1,958 4 Latham ...

7. Law firm - Wikipedia

   en.wikipedia.org/wiki/Law_firm

   The U.K. had a similar rule barring nonlawyer ownership, but under reforms implemented by the Legal Services Act of 2007 law firms have been able to take on a limited number of non-lawyer partners and lawyers have been allowed to enter into a wide variety of business relationships with non-lawyers and non-lawyer owned businesses. This has ...