A corporate attorney is a person who works for a corporate house or company or firm and specializes in corporate law. Corporate law is the study of how shareholders, directors, employees, creditors, and other interested parties, such as consumers, the community, and the environment, interact with each other. Company law involves the study of the 2013 Company Law, etc. So, corporate law is part of a broader company law.
It is the duty of corporate attorneys to understand the laws and regulations to help the company and its clients work within the legal limits. The role of these attorneys is to ensure the legality of business practices and transactions. The other duties of corporate attorneys include ensuring the viability of business transactions, advising corporations on their legal rights and duties, including the duties and responsibilities of employers and other officials. To be effective in compliance, they must have knowledge of aspects of contract law, securities law, intellectual property rights, tax law, accounting law, bankruptcy law, licensing, and specific laws. of the business of the corporations for which they work. . You have to maintain confidentiality between the company and the company’s clients. This is because if the company’s clients are not assured of confidentiality, they will be less likely to seek legal advice.
The work of corporate attorneys includes legal drafting, reviewing agreements, negotiating agreements, and attending meetings with the company’s clients. Handles the company’s in-house legal work with less or no litigation work. However, you have to assist the company’s outside attorneys in legal matters. Although they work for large companies, they can also be freelancers and hire many different companies. Generally, they serve a single client, that is, the corporation for which they work. As a corporate attorney, you are called upon to handle a variety of legal tasks including corporate tax, mergers and acquisitions, corporate structure matters, employment law, and various other legal matters. They generally need to have knowledge in a wide range of legal fields and will need to be able to handle a large number of issues. Some corporations hire multiple attorneys depending on the job and requirement, each of whom is a specialist in one or two areas of corporate law. So small corporations hire one or two attorneys, while larger corporations may have more than one or two attorneys, each with their own specialty. Generally, corporations such as banks, insurance companies, retail companies, hospitals, oil companies and biotech companies, manufacturing companies, energy and communications companies require full-time corporate attorneys.
To be a corporate attorney, it is essential that you have a corporate law specialization course and this can be done by earning an LLM degree after completing the LLB course. An LLM course in corporate law will generally include work in corporate and securities law, contracts and commercial law, intellectual property rights, banking law, international trade law, and other areas.