Corporate law offers businesses and corporations unique legal rights, responsibilities and obligations that must be fulfilled. Lawyers specializing in this area provide invaluable guidance.
Commercial transactions should comply with any relevant laws, while in Canada they assist corporations (public, private and otherwise) in adhering to its business laws including the Canadian Business Corporations Act.
In-House Counsel
As their name suggests, in-house counsel serve companies as internal legal advisors. They may be part of a larger team or serve exclusively a specific location or division within an organisation.
In-house lawyers possess the capacity to provide their employers with high-quality, tailored legal advice that aligns with business needs. Furthermore, they liaise with outside counsel as needed for more specialized expertise on particular legal or litigation issues.
An In-House Counsel with extensive experience may advance to become General Counsel or Head of Legal at their company. They manage the legal team within and have many roles such as identifying legal issues, providing advice to senior executives and handling corporate transactions. They must have strong critical thinking abilities as they must analyse situations to provide solutions to complex business issues while communicating effectively both externally and internally stakeholders.
Law Firms
Law firms provide businesses with a vast array of legal services. Some specialize in specific niches that deliver exceptional client service while others boast numerous attorneys and extensive resources.
Large law firms often provide prestige, high salaries and international opportunities for attorneys, while smaller firms may provide greater career flexibility or provide an intimate work environment.
Olshan corporate attorneys take great care in building relationships and meeting client needs holistically, prioritizing pro bono work, diversity and inclusion initiatives and community outreach activities.
No matter if it is preparation for a new era or responding to an unexpected crisis, having access to reliable legal counsel from former in-house and BigLaw lawyers without excessive bloat and billable hours is key for success. Get a quote now.
Government Agencies
Corporations are treated as separate legal entities under the law and have specific obligations that come with that status. Corporate lawyers assist corporations in making choices that comply with regulations.
Corporate lawyers provide advice to businesses on their legal rights and responsibilities as well as assist with any legal issues that arise, such as intellectual property law and contract law issues. They may also represent them when necessary in legal disputes related to intellectual property ownership or violation.
Corporate lawyers assist their clients in creating or dissolving businesses and making acquisitions. With large corporations with global operations and substantial holdings under their charge, corporate lawyers must take an eagle-eyed view when providing advice.
Many business owners believe they can do without hiring a corporate lawyer, yet many would concur it is in their best interests to have one on retainer for any potential issues that might arise. When being sued for millions, having someone of such caliber on your side could make all the difference.
Individuals
Corporate lawyers can find themselves working in various environments depending on their individual preference and career goals. While some choose private practice over in-house counsel work, other factors may influence which path they take like compensation, sales & marketing costs as well as culture/relationship issues.
No matter where a corporate attorney practices, his or her job can be extremely demanding. Time spent preparing for meetings and negotiating complex transactions requires in-depth knowledge of tax law, securities regulations, intellectual property rights, etc.
Corporate attorneys serve not only as legal advisors for companies of all sizes; they are also valuable management consultants. From helping startups complete the necessary paperwork for legal operation to helping larger entities understand all legal implications related to potential acquisitions or mergers, corporate attorneys serve as invaluable management consultants. In order to fulfill their role effectively they must possess strong management skills as well as experience conducting legal research and drafting documents.