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To the case were assigned 8 partners and 3 associates.
Since a law firm will assign associates and partners to a large new case, and since the daily rate charged to the client for each associate is $ 700 and the daily rate for each partner is $ 1500, and because the law firm assigned a total of 11 lawyers to the case and was able to charge the client $ 14100 per day for these lawyers' services, the following calculation must be performed to determine the number of associates assigned to the case and the number of partners assigned to the case.
(11 x 1500) + (0 x 700) = 16500
16500 - 14100 = 2400
1500 - 700 = 800
2400/800 = 3
(8 x 1500) +(3 x 700) = 14100
Hence,8 partners and 3 associates were consequently assigned to the case
who are partners and associate in a law firm
A lawyer who retains a portion of ownership in the firm where they work is known as a law firm partner. The responsibilities of partners in a law firm can be similar to those of many other types of attorneys, including visiting with clients and presenting cases in court, while An attorney who is fresh to the field works as an associate at a legal firm. This could imply that associates frequently have less legal experience than other attorneys.
Conclusively, in the legal field, a partner and an associate are two important individuals. Although both partners and associates are attorneys, there are some key differences between the two roles.
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