Do you desire to know what a business attorney does? Then stick to this page for a broad understanding!
Lawyers can work in various fields that include business and corporate law. If you are interested in a legal career that focuses on company procedures, you may consider it to become a business attorney.
Moreover, learning about the business lawyer roles and how to become one can help you determine maybe this career is for you.
In this article, you will know more about business attorneys and why businesses will need to hire one and explore every necessary information on how to get hired as a business attorney.
READ MORE: What Does a Business Attorney Do?
What Is a Business Attorney?
Table of Contents
A business attorney is also called a corporate attorney, corporate lawyer, or commercial lawyer.
This is a legal professional that focuses on issues that affect businesses, including taxation, business transactions, and intellectual properties.
Moreover, these professionals may negotiate settlement terms, write legal documents or argue their client’s cases in court.
However, many lawyers in business work full-time from an office and might extend their legal services during certain cases.
What Does a Business Attorney Do?
Attorneys assist organizations or individuals throughout legal processes related to business.
Also, they help their clients file cases, prepare legal documents and oversee trial cases and hearings. Other duties include sending correspondence, settling claims, and taking depositions.
Moreover, these professionals can help businesses in industries like real estate, politics, health care, entrepreneurship, and criminal justice.
Business attorneys can also help companies and individuals:
- Start a business.
- To write contracts.
- Helping them to navigate acquisitions and mergers.
- Resolve business claims and issues.
- Resolve property and real estate disputes.
- Manage risk and compliance.
Salary And Job Out Look of Business Attorney
Business attorneys often give legal services by the hour with rates depending on the legal issue, type of law form, and region.
Moreover, the average base salary of a business attorney is $139,825 yearly. Chief legal officers typically earn more salaries, while recent law graduates earn the lowest salaries. For the most up-to-date salary information from Indeed, click on the link provided.
However, to advance your career, take courses in corporate administration and network with other industry professionals. You might move from one law firm to another throughout your career as you gain more experience.
Furthermore, upper-level roles for business lawyers include a managing attorney, general counsel, deputy chief, supervisor attorney, and chief legal officer.
READ MORE: What Is a Business Lawyer? Everything You Need To Know
How To Become a Business Attorney
For you to become an attorney, you must pass industry exams and meet the minimum educational requirements for the area you plan to practice law.
Here are some typical requirements for becoming a business attorney:
1. Earn a Bachelor’s Degree
Law schools accept graduates with a wide range of related degrees including criminal justice, philosophy, English and political science, and economics.
Maybe you know you want to study business law, enroll in undergraduate courses that can expand your knowledge in areas like accounting, finance, business administration, or international studies classes.
2. Take The Law School Admission Test (LSAT)
The LSAT determines your qualifications to enter law school and assesses your skills rather than your knowledge. Moreover, you can take the LSAT at the end of your junior year, which gives you time to apply and prepare for law school.
You might spend several months reviewing educational materials and doing practice tests before taking the LSAT.
3. Apply To Law School
Your applications include LSAT scores, resumes, official transcripts, recommendation letters, and any other required information.
Moreover, to have experience you can list on your application by completing the internship at the local law firm or court.
You might also volunteer to work with the group in your community to gain interpersonal skills and show your determination to improve people’s lives.
4. Earn A Juris Doctor Degree
Some law schools allow students to focus on business law and may offer joint programs for graduates to earn both their JD and their master’s in business.
Moreover, you can also choose to take corporate law elective classes on subjects like acquisitions and mergers, deals, contract drafting, insurance law, commercial paper, and partnerships.
5. Get More Practical Experience
While in law school, consider working on some pro bono cases at the fit that specializes in business law. The learning opportunity can help you gain hands-on experience in business law disputes and solutions.
6. Pass The Bar Exam
Lawyers need to pass the bar exam in which they want to practice. Exam content varies by state but typically includes multiple-choice questions or takes say that two or three days to complete. Moreover, you can practice tests to help you prepare, and most states allow unlimited if not several attempts.
Finding A Business Lawyer
There are many business owners to choose to use the same lawyer for all their business needs for many years. Moreover, a lawyer who is familiar with your business can prepare documents faster and tailor them to your needs, saving you time and money.
You need to have a good rapport with your lawyer is very important as you both need to be on the same page. This can make it difficult to find the lawyer that fits you and your business, but there’s no harm in shopping around when you’re looking for a business lawyer.
READ MORE: Everything You Need to Know About Becoming a Business Lawyer
Conclusion
Business attorneys give invaluable services to small and medium-sized businesses. If you’re a business owner you need to find out how the services of a business attorney can help you.
