Corporate law is also known as company law. Corporate lawyers work for business start-ups, partnerships, publicly and privately held companies on their legal rights, responsibilities and obligations. A corporate lawyer works for only one company or corporation and practice involves handling a wide range of legal and business issues. Corporate law is civil law and a lawyer deal with company taxes, authorities reporting, company construction points, mergers, and acquisitions, employment legislation. Corporate law is one of the most desirable law practice areas.
How to become a corporate lawyer?
Being a corporate lawyer will expose you to a wide variety of legal areas to ensure well-rounded legal knowledge. Corporate lawyers need to be more generalist in their knowledge and work closely with other specialist departments, compare to other law practice areas. Transactions consist of different components that require input from practice areas including tax, real estate, capital markets, employment, environmental and intellectual property, pensions, antitrust, regulatory, and so on.
As a trainee, you would need to know enough about all the above practice areas before the client is completely committed to the deal. As a corporate lawyer, you need organizational skills to coordinate lawyers across the firm and must have the ability to work and get work done within deadlines.
Compared with other practice areas corporate department is a busy work schedule and the hours are very unpredictable. Maybe all day you have no work, spent the whole day lazily, but at the last moment of the office hour, a lot of work can come in your hand, and you must do your job. If you do not have this kind of mentality then probably this is not the practice area for you.
A corporate solicitor’s salary is around $92,902 to $127,269 per year. It varies with experience, area (city or outside of the city).