Organizational Choices of Professional Services Firms: An Empirical Study
32 Pages Posted: 18 Mar 2003
This article offers empirical data on the organizational choices of law firms. The article demonstrates that among all firms the professional corporation remains the associational form of choice. It also demonstrates that size affects firm choices, with larger firms preferring newer limited liability vehicles (especially LLPs).
Keywords: professional firms, partnerships, limited liability partnerships, professional corporations, organizations
JEL Classification: G2, K2, L1, L2, L8
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