Business Lawyer – What Do They Do? How Much They Make and More!
Business lawyer is one of the most profitable and robust careers you can prefer. One of the biggest advantages of this job is you will have a wide range of working fields. Considering the increasing number of businesses all around the world, you will never have to worry about getting a job.
Of course, being a business lawyer also have some setbacks just like all other professions. First of all, you may have to work at any time including the night. Moreover, you will be representing large corporations, which can be stressful.
However, being a business attorney is quite rewarding and ensures a good quality of lifestyle.
What Is a Business Lawyer?
A business lawyer is a professional, which is also known as a corporate lawyer, commercial lawyer, or corporate attorney. Basically, these lawyers focus on topics, which can affect businesses, organizations, and corporations.
Some of these topics include intellectual property, business transactions, and most importantly, taxation. Depending on what area you are going to specialize in, you may be responsible for many operations.
Some of these responsibilities include representing the company in court, arguing cases, writing legal documents, or negotiating settlement terms. As you can work in companies and organizations as a full-time employer, you can also run your own law firm and help businesses that want to outsource legal services.
What Does a Business Lawyer Do?
A business lawyer can take part in every stage of the operations of any business. This also includes the establishment phase. They offer services to start a business, prepare the required documentation and provide consultation.
In addition to this, they settle contract disputes and prepare contracts for various purposes. Moreover, they are responsible for navigating mergers and acquisitions. They also serve in resolving business issues and claims too.
Moreover, they manage the risk and compliance according to the terms. They also resolve any real estate and property disputes of businesses or organizations they are or may be working for. As you can see, they have a quite wide range of responsibilities.
How Much Do Business Lawyers Make?
Without a doubt, the business lawyer salary is quite rewarding. Although these salaries may vary depending on the country and state, they are making above the average in all parts of the world.
In the United States, the average salary of a business attorney is found to be around $140,000. Keep in mind that this is just an average salary and depending on your experience and expertise, you can make more or less.
Just like in all professions, your experience in your expertise matters a lot. The more you will work in your field, the more salary you will make and ensure quality living standards.
Business Lawyer Job Titles
Being a business lawyer may be a bit challenging task depending on where you are living. For example, in the United States, graduating from law school is not enough. First, you need to get your degree, then you need to enroll in a law school.
Later, you need to pass the bar exam or earn your Juris Doctor degree. In your Juris Doctor degree, you will choose your specialty and enroll in relevant courses. Once you pass the bar exam, you will be able to start working as a lawyer.
Although there are many job titles you can prefer, we have shared to most popular ones with you in the following.
Litigation Associate
One of the most preferred job titles by most business lawyers is litigation associate. You will be working as a litigation officer and going to represent your clients in court. If you are going to work as a full-time employee, then you will be representing your company.
Besides representing your clients, you will also prepare legal documents and keep confidential corporate information. The main reason why this is one of the most preferred job titles is its reputation.
You can easily earn a great reputation in courts by keep representing your clients and winning the cases. Moreover, this job is one of the highest-paid jobs you can prefer.
Corporate Counsel
Another great position that a business lawyer can prefer is corporate counsel. However, this is not a starter-level job. You need at least five years of experience in the field to be a looked-after corporate counsel.
On the other hand, a business attorney working as a corporate counsel can make a quite high amount of money. Without a doubt, it is one of the most rewarding jobs in this field. Your main duty will be to advise managers and business owners about legal issues.
You need enough experience in the field to make sure that your clients will comply with the laws and regulations. If you are a business owner looking for a professional to work with, you can always search for them on the internet. All you need to do is type a business lawyer near me on any search engine.
