When one comes in contact with a corporate lawyer, they might be unsure of what they do. This kind of attorneys are responsible for advising clients on their legal rights, obligations, and responsibilities. They can even be company employees. Usually, they provide legal advice, draft contracts, negotiate business transactions, review documents. Ultimately, they ensure that their clients are reaching their goals while following regulations. So, what does this entail for a corporate law firm?
Mergers & Acquisitions
This is a very specific area of practice and requires a high level of understanding of finance laws and securities. Lawyers usually do due diligence for both the company they represent and for the other party, the client is merging with or acquiring. The whole merger & acquisition deal is not always ideal for both businesses so they have to go through various processes to neutralize mutual competitors or taking advantage of another’s customers or brands. They look into the company’s assets, liabilities, debt, litigation and more.
Corporate Governance law
This is an extremely important area of law, so a corporate law firm will often deal with the laws of the state of incorporation to incorporate, dissolve, or organize a new company. It deals with the “checks and balances” and ensures that the board of directors, management, and shareholders follow set procedures to maintain the company’s integrity. Lawyers will draft agreements, articles, and bylaws in order to define the roles of these people.
Venture Capital Law
Attorneys that deal with this are tasked with drafting term sheets and related investment materials. Basically, they are an outside counsel to various promising start-ups. They provide strategic legal advice for such things as raising money, intellectual property, valuation negotiation, employment, compensation.
These are just a few subcategories of corporate law that a corporate law firm specializes in. These kinds of attorneys have to deal with a wide range of matters, though it depends on their specific firm and the needs of the client.