You’ve heard of family lawyers, property lawyers, criminal lawyers, tax lawyers, and more recently, immigration lawyers. You’ve also heard of terms like ‘defendant,’ ‘attorney,’ ‘prosecutor,’ ‘advocate,’ ‘barrister,’ etc. In your mind, when someone says the word lawyer, you immediately think a courtroom scene out of your favorite TV show. You think long trials, dramatic testimonies, and evidence in the form of footprints and DNA. In truth though, law is a much more diverse and meticulous profession.
One of the lesser heard of professions in the field is corporate lawyers. These are the people who are responsible for handling the legalities that come with running corporations and commercial ventures. They have expertise in many areas of the law, including taxation, contract law, accounting, intellectual property, licensing, etc.
What do corporate lawyers do?
Their work is central to the functioning of any organization; not having legal consultation is like wandering through the dark trying to make sense of things. It also leaves room for a lot of error in conducting affairs and leads to potentially getting caught up in legal troubles. If you’re making a product or offering a service, but you don’t have the license to do so, you can fall into some hot water with the state.
If you’re being sued by someone who’s unhappy with a product or service, it can end in your business suffering a loss that you’ll be paying off for the rest of your life. Or maybe someone else copied your breakthrough idea, name, or patent without giving you due credit. A corporate knows how to help you navigate intellectual property regulations. They’ll be the ones mediating between you and the other party, trying to find a middle ground to settle on.
If you’re looking to hire someone for your company, but you and your HR department aren’t sure what the legalities of a contractual agreement are, again, you’ll be consulting a lawyer. You’ll be doing that before sealing a deal with a major client too, because contracts are legally binding documents and you need to have them carefully reviewed.
A corporate lawyer is like the superhero of the corporate world because they’re the ones keeping businesses and employees safe and ethical. To know more about what corporate lawyers are indispensable to organizations, get in touch with me!