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Corporate Lawyer

Corporate lawyers ensure the legality of commercial transactions and advise corporations on their legal rights and duties. They must have knowledge of aspects of contract law, tax law, accounting, securities law, bankruptcy, intellectual property rights, licensing, zoning laws, and the laws specific to the businesses they work with. Corporate lawyers structure transactions, draft documents, review agreements, negotiate deals, and attend meetings. The areas of corporate law a lawyer experiences depends on where their firm is located and how large it is. Some corporate lawyers become partners in their firms, others become in-house counsel for corporations, and some migrate into other fields like investment banking or teaching.

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204 views1 page

Corporate Lawyer

Corporate lawyers ensure the legality of commercial transactions and advise corporations on their legal rights and duties. They must have knowledge of aspects of contract law, tax law, accounting, securities law, bankruptcy, intellectual property rights, licensing, zoning laws, and the laws specific to the businesses they work with. Corporate lawyers structure transactions, draft documents, review agreements, negotiate deals, and attend meetings. The areas of corporate law a lawyer experiences depends on where their firm is located and how large it is. Some corporate lawyers become partners in their firms, others become in-house counsel for corporations, and some migrate into other fields like investment banking or teaching.

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Corporate lawyer

From Wikipedia, the free encyclopedia


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A corporate lawyer is a lawyer who specializes in corporations law.[1]
As of 2004, there were 67,000 corporate lawyers in the United States, working on average for 50
hours per week, with a mean starting salary of USD64,000, rising to USD93,700 after 5 years
and USD139,000 after 10–15 years.[2]
The role of a corporate lawyer is to ensure the legality of commercial transactions, advising
corporations on their legal rights and duties, including the duties and responsibilities of corporate
officers. In order to do this, they must have knowledge of aspects of contract law, tax law,
accounting, securities law, bankruptcy, intellectual property rights, licensing, zoning laws, and
the laws specific to the business of the corporations that they work for.[2][3]
The practice of corporate law is less adversarial than that of trial law. Lawyers for both sides of a
commercial transaction are less opponents than facilitators. One lawyer (quoted by Bernstein)
characterizes them as "the handmaidens of the deal". Transactions take place amongst peers.
There are rarely wronged parties, underdogs, or inequities in the financial means of the
participants. Corporate lawyers structure those transactions, draft documents, review agreements,
negotiate deals, and attend meetings.[2][3]
What areas of corporate law a corporate lawyer experiences depend from where the firm that
he/she works for is, geographically, and how large it is. A small-town corporate lawyer in a small
firm may deal in many short-term jobs such as drafting wills, divorce settlements, and real estate
transactions, whereas a corporate lawyer in a large city firm may spend many months devoted to
negotiating a single business transaction. Similarly, different firms may organize their
subdivisions in different ways. Not all will include mergers and acquisitions under the umbrella
of a corporate law division, for example.[2][3]
Some corporate lawyers become partners in their firms. Others become in-house counsel for
corporations. Others still migrate into other professions such as investment banking and
teaching.[2]
Some publications read by those in the profession include Global Legal Studies, Lawyers Weekly,
and the National Law Journal.[2]
[edit] References
1. ^ Ralph Nader and Wesley J. Smith. No Contest: Corporate Lawyers and the Perversion
of Justice in America. ISBN 0-375-75258-7.
2. ^ a b c d e f Alan B. Bernstein and Princeton Review Publishing Staff (2004). "Corporate
Lawyer". Guide to Your Career. The Princeton Review. ISBN 0375763996.
3. ^ a b c Vault Editors (2007). "Corporate Law Basics". The Vault College Career Bible.
Vault Inc.. pp. 289–290. ISBN 1581314191.

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