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Firm can have several meanings:

  • An economic term, used to describe a collection of individuals grouped together for economic gain. Popularised in Ronald Coase's The Nature of the Firm (1937).

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NPR Topics: Legal Affairs

Abramoff Gets 4 Years In Jail, Pens Memoir
Fri, 05 Sep 2008 10:27:00 -0400
Jack Abramoff, the lobbyist at the center of a Washington, D.C., corruption scandal, was sentenced Thursday to four years in prison. According to the Washington Post, he told the judge he is no longer the person who "happily and arrogantly" engaged in a lifestyle of corruption. In fact, he's now a writer.
Detroit Mayor Acknowledges 'Poor Judgment'
Fri, 05 Sep 2008 08:43:00 -0400
Detroit Mayor Kwame Kilpatrick has agreed to step down later this month and serve 120 days in a county jail as part of a plea deal. Kilpatrick's resignation ends an almost six-month fight to stay in office amid obstruction of justice charges. Thursday night, Kilpatrick made his first public speech to Detroiters after the plea bargain.
Lobbyist Abramoff Gets Four-Year Prison Term
Thu, 04 Sep 2008 16:55:00 -0400
Former lobbyist Jack Abramoff is sentenced to four years in prison for conspiracy in connection with a highly publicized public corruption case. The scandal involved a number of members of Congress, many of them Republicans, and contributed to several key election defeats in 2006.

 
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