Limousine

A limousine is a longer luxury car. The chassis may have been extended by the manufacturer or by an independent coach builder, traditionally black or white in color. Limousines come in other colors, however, have also been used for limousines, such as pink, magenta, or blue. Limousines are most commonly driven by chauffeurs and until the mid-1990s were most often associated with the wealthy. While some limousines are owned by individuals, many are owned by governments to transport senior politicians, by large companies to transport executives, or by broadcasters to transport guests. Most limousines, however, operate as livery vehicles, providing up market competition to taxicabs. The word limousine is derived from the name of the French region Limousin, and is associated with the long cloaks once worn by the shepherds there. Newer limousines such as the Maybach 62, Audi A8L, Mercedes-Benz S-Class, Hummer H2, Leyland Miracle, BMW 760li, Lincoln Town Car;L Edition,and the Cadillac DTS do not feature such seats since stretch limousines are usually used to transport more than three passengers, excluding the driver. In production American limousines however, the jump seats almost always faced forward. The last production limousine, by Cadillac, with forward facing jump seats was in 1987, the last Packard in 1954, and the last Lincoln in 1939, though Lincoln has offered limos through their dealers as special order vehicles from time to time. Vehicles of this type in private use may contain expensive audio players, televisions, video players, and bars, often with refrigerators.

It is simpler and more straightforward to determine the effects of altering a separate chassis than it is to determine the effects of altering a load-bearing unit body. For this reason, the automobile of choice for conversion into stretch limousines is currently the Lincoln Town Car, whose Panther platform is one of the last remaining automotive platforms using a separate load-bearing chassis.[citation needed] However, coachbuilders have recently built many new models based on SUVs with separate load-bearing chassis, including Hummer H2s and H3s.

Law Firm

A law firm is a business entity formed by one or more lawyers to engage in the practice of law. The primary service rendered by a law firm is to advise client’s individuals or corporations about their legal rights and responsibilities, and to represent clients in civil or criminal cases, business transactions, and other matters in which legal advice and other assistance are sought.

In many countries, including the United States and the United Kingdom, there is a rule that only lawyers may have an ownership interest in, or be managers of, a law firm. Thus, law firms cannot quickly raise capital through initial public offerings on the stock market, like most corporations. In the United States this rule is promulgated by the American Bar Association and is adhered to in all U.S. jurisdictions, except the District of Columbia. The U.K. has a similar rule, but in recent years law firms have been able to take on a limited number of non-lawyer partners.

The rule was created in order to prevent conflicts of interest. In the adversarial system of justice, a lawyer has a duty to be a zealous and loyal advocate on behalf of the client, and also has a duty to not bill the client unreasonably. Also, as an officer of the court, a lawyer has a duty to be honest and to not file frivolous cases or raise frivolous defenses. A lawyer working as a shareholder-employee of a publicly traded law firm would be strongly tempted to evaluate decisions in terms of their effect on the stock price and the shareholders, which would directly conflict with the lawyer's duties to the client and to the courts.

Law firms are typically organized around partners, who are joint owners and business directors of the legal operation; associates, who are employees of the firm with the prospect of becoming partners; and a variety of staff employees, providing paralegal, clerical, and other support services. An associate may have to wait as long as 9 years before the decision is made as to whether the associate "makes partner." Many law firms have an "up or out policy" pioneered around 1900 by partner Paul Cravath of Cravath, Swaine & Moore: associates who do not make partner are required to resign and join another firm, go it alone as a solo practitioner, go to work in-house in a corporate legal department, or change professions burnout rates are very high in law.

Making partner is very prestigious at large or midsized firms, due to the competition that naturally results from higher associate-to-partner ratios. Such firms may take out advertisements in legal newspapers to announce who has made partner. Traditionally, partners shared directly in the profits of the firm, after paying salaried employees, the landlord, and the usual costs of furniture, office supplies, and books for the law library or a database subscription. Partners in a limited liability partnership can largely operate autonomously with regard to cultivating new business and servicing existing clients within their book of business. However, many large law firms have moved to a two-tiered partnership model, with equity and non-equity partners. Equity partners are considered to have ownership stakes in the firm, and share in the profits and losses of the firm. Non-equity partners are generally paid a fixed salary albeit much higher than associates, and they are often granted certain limited voting rights with respect to firm operations. The oldest continuing partnership in the United States is that of Cadwalader, Wickersham & Taft, founded in 1792 in New York City.

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