preLaw Magazine - Spring 2008 - (Page 39)

specialties BUSINESS & CORPORATE What is business and corporate law? Corporate lawyers are involved in advising businesses on their numerous legal rights, responsibilities and obligations. Many corporate lawyers work in law firms, particularly large or mid-size firms, where they counsel clients and handle business transactions. Business transactions include negotiations, drafting and review of contracts and other agreements associated with the activities of the business, such as mergers and acquisitions. They also advise business clients on corporate governance and operations issues such as the rights and responsibilities of corporate directors and officers and the general oversight of the legal activities of the company. Other corporate lawyers are employed directly by corporations as inhouse corporate counsel. One role of a corporate lawyer is counseling publicly held companies. Public companies are held to strict trict standards with regard to dissclosure of information that may have either a positive or adverse material effect on earnings and may therefore affect the price of their stock. New businesses are typically faced with numerous business decisions, including ng whether to structure the business as a corporation, a partnership, a artnership, limited liability company, a sole proprietor proprietorship or even as a joint venture. As part of determining how to structure the business, corporate attorneys also assist the start-up venture with matters such as developing a business plan and finding sources of financing. Lawyers who work as corLawyer porate in-house counsel advise their companies on a wide range of legal and business issues. In fact, busine large corporations may have full departments of f in-house lawyers. in-hous Corporate lawyers enjoy Corpo the intellectual nature of their intellec work. Some law students discover la before or during law school that they’re interested in corporate practice. It is beneficial to take business-related law school courses. Continued on next page Spring 2008 39 http://www.nesl.edu http://www.nesl.edu

Table of Contents Feed for the Digital Edition of preLaw Magazine - Spring 2008

preLaw Magazine - Spring 2008 Contents From the Editor For the Record Large Gender Gap Remains Among Political Hopefuls Man Charged in LSAT Scam Barry Dean Recognized New Report Examines Legal Ed Drexel Receives Accredidation New Mexico No. 1 for Hispanics A Film Journey in Law A Law Student at Last Debt Salvation Great Law Schools for Minorities Grad Opts Out of Big Firm Job Specialties Helpful Advice

preLaw Magazine - Spring 2008

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