A career In Corporate Law

Corporate - A career In Corporate Law

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Qualifications

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Corporate

To be a lawyer, one needs to be a suited in the field of law. To be a graduate in law, it takes four years in undergraduate school and three years' specialization in law straight through a law school. In this case, specialization would be in corporate law. To custom law, you need a license. To get the license, you first need to pass the bar exam - an test that will test your knowledge, character and attitude. After the test, students are then recruited by law firms.

Junior Corporate Associate

As a junior corporate lawyer, you will be learning things the hard way. As a junior corporate associate, you have to do the grunt work of organizing documents, faxing, proofreading, copying, scheduling meetings, etc. In addition to these, the junior associate also has discrete other duties. These duties can be classified into discrete categories such as drafting contracts and conducting reviews, preparing filings, due diligence and writing of memoranda. A lot of a junior associates' time is spend doing study work. A lot of trial and error work goes on into drafting contracts, protection disclosure statements and corporate resolutions - and these are things that are not necessarily taught in law school. The junior associate, at times, has to spend a lot of time proofreading.

A law firm may later offer a junior associate the role of a partner. This involves working on personel projects and having junior associates working for you. So to be a good corporate leader, you will need to be hard working, diligent and possess exquisite problem solving skills. A corporate lawyer gets paid very well, but the job it involves a lot of hard work. Many corporate attorneys work in excess of 60 hours a week.

What Does A Corporate Lawyer Do?

A corporate lawyer mostly works in the legal agency of a business, as a legal advisor. Their work includes dealing with issues of taxes, employee rights, amalgamations, mergers and acquisitions. In short, a corporate lawyer has to ensure the legality of commercial transactions. There are other types of custom a corporate lawyer could undertake, and not all lawyers do the same type of job. Some provide advice on legal or/and non-legal issues to the corporation. In this area, the work of a corporate lawyer starts from the formation a corporation and goes on straight through the life of the business. Until it is dissolved.

The articles of incorporation of a firm (i.e. The documents that deal with the formation of the corporation and the structure of the management, of its internal affairs) are drafted by the corporate lawyer. They also have to study the best entity for a single firm (i.e. Partnership, exiguous liability partnership, exiguous liability companies).

Each corporate lawyer's duties are different, and this adds to the petition of the profession. Because each entity has its own set of responsibilities, rights, tax structure and organizational structure, corporate lawyers have to be resourceful and persistent in their work. If this is you, and you have the stamina to undertake a meticulous educational agenda and then pass the bar exam, then a vocation in corporate law may be right for you.

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