Corporate Lawyer
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A corporate lawyer (aka a business lawyer) works in the realm of corporate law. Corporate law is the body of laws, rules, regulations and practices that govern the formation and operation of businesses/corporations. These laws touch on the rights and obligations of all the people involved with forming, owning, operating and managing a corporation. 1https://legalcareerpath.com/what-is-corporate-law/
What do Corporate Lawyers do?
The role of a corporate lawyer depends on the type of client they are serving. However, most corporate lawyers, no matter the industry or type of client, is responsible for advising on the clients’ legal rights, responsibilities, and obligations in their business.
Some services a corporate lawyer often provides are:
- legal advice
- negotiate business transactions
- draft legal contracts
- review legal documents
Ultimately, any legal-related task to ensure the client is reaching their business goals while following all legal regulations in accordance with their specific business. Additionally, they typically handle all responsibilities related to mergers, acquisitions, IPO’s, corporate governance, and divestitures. 2https://walterschindler.com/what-do-corporate-lawyers-do/
What types of Corporate Law Jobs are there?
These lawyers may advise companies as “outside counsel”, while working at a law firm, or they may work as employees of a company as their “general counsel”.
What is a typical hierarchy at a law firm?
What types of skills are necessary to be a successful Corporate Lawyer?
- Licensed to practice law & passed the Bar Exam
- Graduated Law School
- Verbal skills
- Reading and writing skills
- Attention to detail
- Communication skills
- Good understanding of corporate law, contract negotiation, and related topics
- Business acumen
What are some challenges of working in Corporate Law?
- Can work long hours
- A lot of paper work
- Need to be a law school graduate (costs a lot of time and money)
- Some law work is getting automated by the tech industry nowadays
- Working with difficult clients
What are some benefits of working in Corporate Law?
- A lot of career options
- Learn valuable business skills
- Strong compensation
- Work with many intelligent individuals
- Build strong relationships with coworkers and clients
- Good reputation
Typical Salary?
While it varies a lot depending on the type of company, the industry, and geographical location. On average an entry-level corporate lawyer makes between $65k-$170k.
Should I become a Corporate Lawyer?
If you are interested in law and/or business, you should consider a career in corporate law. While the route requires a law degree, it ultimately can lead to a a career path with many options, and good pay. As a corporate lawyer you get the opportunity to work with many different, exciting clients. Additionally, it can be very rewarding helping businesses solve various problems and help them accomplish their goals.
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