It is integral for every individual to have a career goal and
have a profession in his/her life. More than often Lawyers are thought of being
the lesser fortunate as people assume all they have is a dingy office in the
corner of the courtroom and have nothing better to attend to than simply debate
over issues. Far from reality, the law profession has undergone a 360 degrees
change and has transformed from the myths it was once coupled with. Corporate Law in particular is offering such avenues that many are switching towards the
profession entirely.
Corporate Law usually refers to the interaction between
employees, directors, shareholders, vendors, creditors, customers and many
more. It focuses on interactions made in the corporate community and largely a
part of huge corporate companies and is closely related to commercial law and
contracts. It ideally deals with operations and smooth running of an
organisation. A corporate lawyer usually is appointed by companies and
corporate houses where he/she will have to represent every entity pertaining to
joint ventures, associations, sole proprietorships, partnerships and
corporations. An individual who might be driven towards problem solving
especially when it concerns business and its dealings will enjoy being a
corporate lawyer and take it up as a full time profession.
A corporate lawyer’s
work involves providing valuable advice to numerous issues that are related to
the company and he/she needs to be extremely knowledgeable on the accounts of
bankruptcy, tax laws, security laws, intellectual property rights, contracts
and more.
·
Securities
Law: Securities law is an
extremely intricate area that almost always requires the services of a
specialist. Lawyers who acquire this specialty are involved with the formation,
organization, and financing of corporations through securities such as stock,
as well as mergers, acquisitions, and corporate takeovers.
· Intellectual Property law: This involves knowledge of and application of
laws governing copyrights, patents, trademarks and trade secrets. Intellectual
Property law focuses on protecting the rights of inventors, authors, and
businesses to their tangible and intangible creations, inventions and
symbols. Legal professionals in this field are often experts in a
particular domain, such as science, the arts, or an industry.
· Real Estate Law: Real Estate law involves land or construction
ownership, development, litigation, tenant rights, or landlord disputes.
Attorneys in this field may work on residential or commercial transactions,
review contracts, or work in planning and other government offices.
· Competition Law: Competition law is a law that promotes or seeks
to maintain market competition by regulating anti-competitive conduct by
companies. Competition law is implemented through public and private
enforcement. Competition lawyers work on ad-hoc queries advising clients on
trading and compliance matters. Lawyers who work in this area of practice also
defend companies accused of price fixing in secret cartels.
· Bankruptcy Law: Bankruptcy lawyers help you file for bankruptcy
to help you get out of debt. There are different subsets of bankruptcy lawyers
who represent the debtor (the person or company filing for bankruptcy) and the
creditor (the ones who are owed money by the debtor and are trying to recover
as much of their money as possible during the bankruptcy). There are also
lawyers who specialize in different types of bankruptcy.
· Merger and Acquisition Law: A merger or acquisition is a combination of two
companies where one corporation is completely absorbed by another corporation.
The less important company loses its identity and becomes part of the more
important corporation, which retains its identity. Federal and state laws
regulate mergers and acquisitions.
· Tax Laws: Tax law is a dynamic field that deals with domestic and
international transactions. It is an area of specialist study. It covers the
rules, policies and laws that oversee the tax process, which involves charges
on estates, transactions, property, income, licenses and more by the
government. Tax law specialists are often employed in consultative roles, and
may also be involved in litigation.
Ideally an educational qualification is not the only requirement
for a corporate lawyer, he/she needs to acquire certain skills that will not
only benefit for a case or two but lifelong. And interning with a well
established law firm will be fruitful as learning the skills and tricks of the
trade at an initial stage from superiors and experienced mentors are a step
higher on the ladder to success.
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