What Are the Job Descriptions of a Corporate Lawyer?
A corporate lawyer specializes in laws and regulations that apply to corporations. A corporate lawyer advises companies and businesses, including all corporate officers, about their legal rights and duties. A corporate lawyer must have knowledge in accounting, tax laws, securities law, zoning laws, licensing, bankruptcy and contract law to effectively do his job.
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Zoning Issues
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When a business builds new office space or company buildings, the corporate lawyer is responsible for researching the zoning laws of the specific area. For instance, real estate companies that build homes, offices and apartment buildings must follow local zoning codes. The codes dictate where a business or building can be built, the perimeter of the building and architectural specifics. If the business fails to comply with even one of the zoning regulations, the project could be shut down and the business could be fined heavily. It is the responsibility of the corporate lawyer to handle these legal zoning issues.
Contracts
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A corporate lawyer will draw up contracts and legal agreements for her client. Some of the corporate lawyer's clients may be in the business of merchandising, entertainment or sports. Each business, entertainer or athlete who is working or doing business with the lawyer's clients will need to sign a contract of some type. The legal documentation the corporate lawyer draws up will ensure the client's needs are met, and detail what will happen if the business, entertainer or athlete breaches the contract.
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Financial Issues
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A corporate lawyer is responsible for understanding the financial aspects of a company. If taxes are an issue, the corporate lawyer will consult with tax professionals and handle and legalities regarding tax issues. When a company has exhausted all financial options as far as loans and liquidations, the corporate attorney will proceed with helping the company file bankruptcy, if this is the last option. There are different types of bankruptcy, and it is the responsibility of the corporate lawyer to be familiar with them all and file under the chapter that will benefit the company most.
Junior Corporate Attorney
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Some corporate lawyers begin on the junior corporate level. As a junior corporate lawyer, the lawyer does all the detail work such as proofreading, filing, faxing and scheduling meetings. A junior corporate lawyer is also responsible for drafting contracts and preparing filings. Junior corporate lawyers do a lot of research for their superiors who are actually handling the cases for the firm. Some junior corporate lawyers work their way up to being a partner of the firm and are then assigned cases on an individual basis.
Corporate Lawsuits
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When a company is sued, corporate lawyers are hired to respond to the lawsuit. A company may be sued because a product is defective or a customer is hurt on company grounds. Without a corporate lawyer, the company may lose its credibility, which is bad for business. A corporate lawyer will work to defuse the situation and keep it out of the public eye as much as possible. Sometimes settlements are made, if the corporate lawyer feels it's in the best interest of the company.
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References
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Comments
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looking for corporate law firm.
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