A divorce can be an emotional issue and hence, divorce lawyers have to shoulder various roles and responsibilities in addition to explaining to the clients all legal formalities, procedures, proceedings and terms. Most of the time, experienced divorce lawyers usually help their clients to divide all their assets mutually. However, when the couple is not in agreement with each other they would need to seek intervention of court, which becomes time taking and expensive as well.
Limitations upon interest of ownership
Every country has a specific set of law firm rules that the attorneys need to follow and abide. One of the rules specifies that only lawyers may have an ownership interest, however, the only exception to this rule is certain law firm managers. This rule also helps to avoid fund raising acts like initial public offerings. The existing equity partners are responsible for capital contributions which can be even …