Working with Corporate
For those who are more inclined towards usual office jobs and don’t want to indulge in hectic work pressure of major law firms, career as corporate lawyer offers you better job security, comparatively less field work involved and above all lucrative remuneration . Other than above factors one thing which makes career in corporate sector very attractive is the fact that you serve only one client and need not to struggle in securing multiple clients. Profile of your job depends upon the geographical location of particular corporation firm. Drafting wills and real estate transactions are what a lawyer employed with a small-town corporate firm are expected to perform whereas a corporate lawyer in a large city firm may spend many months devoted to negotiating a single business transaction. Similarly, different firms may organize their subdivisions in different ways. Mergers and acquisitions related tasks are handled mainly by big players or firms with couple of hundreds of attorneys. It is seen after decades of close association with a particular corporate office, they are provided with shares or even partnership in the firm. The largest companies are usually publicly listed on stock exchanges around the world. Even single individuals, also known as sole trader may incorporate themselves and limit their liability in order to carry on a business. Public companies are held to strict standards with regard to disclosure of information that may have either a positive or adverse material effect on earnings and may therefore affect the price of their stock. thus corporate lawyers advise publicly held companies with regard to issues such as the public disclosure of disappointing financial results, an adverse judgment in a litigation matter, or the initiation of a government investigation regarding the company. The company may, for example, need to advise the public about an impending product recall, litigation that has been initiated due to an environmental problem, or an unfunded pension liability. The defining feature of a corporation is its legal independence from the shareholders that own it. Shareholders' losses, in the event of liquidation, are limited to their stake in the corporation, and they are not liable for any remaining debts owed to the corporation's creditors. Corporate lawyers also advise their clients on issues concerning trade secrets and other types of intellectual property such as patent and trademark licensing; antitrust issues; international transactions such as the acquisition of foreign businesses or real estate; and contractual matters such as technical assistance agreements between the company and outside consultants hired to provide computer and other information technology assistance. Ensuring the legality of commercial transactions, advising corporations on their legal rights and duties, including the duties and responsibilities of tax related matters are some of the most sought after tasks of a corporate lawyer. Relevant and updated knowledge of following sections such as accounting, securities , tax law, contract law, intellectual property law and bankruptcy laws is required to fulfill the demand of fast moving corporate world.
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