Law Firm Governance
/ˈlɔː ˌfɜːrm ˈɡʌvərnəns/
Definitions
- (n.) The system of rules, practices, and processes by which a law firm is directed and controlled, focusing on ethical standards, management structures, and stakeholder accountability.
Effective law firm governance ensures that all partners adhere to the firm's ethical obligations while operating efficiently.
Forms
- law firm governance
Related terms
See also
Commentary
Law firm governance uniquely integrates legal ethical standards with business management, requiring careful balancing of firm autonomy and regulatory compliance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.