The Scope of Corporate Law as a Career Option

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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