This legal structure, commonly found in Brazil, represents a single-member law firm established under a specific framework. It allows an individual lawyer to practice law under the protection of a separate legal entity, distinct from their personal assets. This entity is created and governed by specific regulations outlined in Brazilian law concerning professional legal practice.
The adoption of this structure offers several advantages to the individual practitioner. It can provide limited liability, shielding the lawyer’s personal assets from certain professional liabilities. Furthermore, it contributes to a more structured and professional business image, potentially enhancing credibility with clients and counterparties. Its emergence reflects a modernization of legal practice, aligning individual professionals with contemporary business practices.
