In the field of law, each branch contains a unique role or functions attached to it. Be it criminal law, commercial law; land law, family law, succession law, trade law, Islamic law, trust, and estate planning law, civil procedure law, just to mention a few. Such that if an individual decides to undertake or focus on a specific type of law and practice that particular area of law, that person needs to uphold certain functions. For this article, however, the focus will be on corporate law, and the functions of a corporate lawyer as illustrated in the consequent paragraphs.
A corporate lawyer offers legal advice to clients outside the office that is if he/she has a firm of their own. However, in top-notch companies, a corporate lawyer gets to handle all suits against that particular company. In other circumstances, a corporate lawyer may be given the role of advising employees on the possible legal consequences in cases of breach. In addition to this, a corporate lawyer may enlighten the head office on legal consequences before making a decision. Lastly, concerning legal advice, corporate lawyers advise employees by guiding them on their legal duties and responsibilities in a company.
Creation And Dissolution Of A Business Entity:
A corporate lawyer’s mandate is to create and dissolve companies, which are willing to dissolve or come into a whole. Dissolution in this sense entails the legal removal of a company while the creation of a company entails the formation of a new company. More often than not, a corporate lawyer gets a position on the contract or full employment depending on the task. Such that for processes such as dissolution, a corporate lawyer becomes an employee on contract.
Attending To Mergers And Acquisitions:
Corporate law entails matters on mergers and acquisitions. To that effect, it is necessary to have a corporate lawyer as an employee who can handle the documentation on the same. A corporate lawyer in this instance ensures the right service to other parties and attends hearings if one comes up during the process. In addition to this, the corporate lawyer has the mandate to critically review the liabilities and assets of the company before the actual occurrence of a merger or acquisition.
Interpret Laws, Rulings, And Judgements:
In a world full of different professions, it is only the legal field, which can adequately interpret rulings, laws, and judgments to a nonprofessional. For example, in an instance where there is a matter against the company in court, the corporate lawyer will need to interpret all proceedings, laws, and the orders provided thereof. Corporate lawyers also come in handy in deciphering what should be done next in a complex situation about the law.
When considering a corporate lawyer for your business, it’s essential that you know what functions the lawyer will be expected to fill. You also want to know what they are capable of doing for you so you can get the most out of your lawyer’s services. When speaking to potential lawyers, keep these essential functions in mind and open up a conversation about all of the services they can offer your company.