what is the role of a commercial lawyer

Commercial Lawyer Responsibilities:

• Drafting and amending contracts.
• Representing clients in court.
• Negotiating on behalf of clients.
• Reviewing and overseeing business mergers.
• Drafting various legal documents.
• Helping clients with the litigation process.
• Writing commercial reports.
• Anticipating legal concerns for clients.

Full Answer

What is the job description of a business attorney?

Commercial lawyers are those that deal with commercial and business legal matters. They assist heavily with transactions, documentation and paperwork, but they may also help in other company issues that require motions, actions and issues with the courts. When hiring a commercial lawyer, the person usually owns a business or is a manager of one. These legal …

How to become a commercial lawyer?

Oct 20, 2021 · Commercial lawyers are attorneys who specialize in business law. They might work on negotiating and drafting contracts, reviewing employment agreements or company mergers. Some commercial lawyers work for a law firm and represent many clients, while others are employed by a company and represent its legal interests exclusively.

What does a commercial lawyer do?

Jun 10, 2019 · Commercial lawyers are largely confronted with business cases of litigation in the typical form of contractual claims. The role of commercial lawyers is …

What is the job of a corporate lawyer?

Sep 10, 2021 · As a commercial lawyer, a big part of your job is handling transactions and managing paperwork as well as working alongside your clients to help them achieve what they want and finding solutions for their problems. It’s about managing a …

What are the three main attributes for a successful commercial lawyer?

Commercial awareness. ... Attention to detail. ... Communication. ... Teamwork. ... Information analysis and research. ... Organisation. ... Creative problem solving. ... Other useful skills.More items...

What is the difference between commercial and business law?

Commercial law focuses on the sale and distribution of goods, as well as financing of certain transactions. Business law focuses on the other aspects of business, including forming a company, mergers and acquisitions, shareholder rights, and property issues such as leasing office or warehouse space.

What does a commercial lawyer do in South Africa?

Commercial Lawyers in South Africa Commercial lawyers deal with individuals and entities within the business world. They can assist in business transactions, franchising, intellectual property (trade marks, copyright, etc), sales, hiring, and other facets of law that are applicable in business.

What does a commercial lawyer do Australia?

Commercial lawyers are often expected to help their clients navigate and address issues affecting the business world. These might include globalisation, deregulation, tax reform and shifting trade relationships between different regions.

What is meant by commercial law?

Commercial law, also known as mercantile law or trade law, is the body of law that applies to the rights, relations, and conduct of persons and business engaged in commerce, merchandising, trade, and sales. It is often considered to be a branch of civil law and deals with issues of both private law and public law.

Is commercial law under corporate law?

Corporate Law vs Commercial Law While corporate and commercial law are often used synonymously, they are actually two separate areas of law; however, since their areas of practice are closely related and do commonly overlap, these two areas of law can be difficult to distinguish from one another.Jun 18, 2020

Is commercial law easy?

It is an area of law that can be very challenging, however offers almost unlimited rewards if you put in the time and effort into a career in the legal area. A more literal definition for commercial law can also be given that it is a 'body of law that governs business and commercial transactions.

Why should I study commercial law?

Commercial law is a secure legal sector that continues to thrive and expand with our economy. Studying commercial law will not only help with research skills, attention to detail and client liaison, but will also give you the skills you need to stand up-to-date with industry news and the economic changes.

How much do commercial lawyers earn?

A newly qualified solicitor in a regional firm or smaller commercial practice may expect to earn around £25,000 to £40,000. Starting salaries for newly qualified solicitors in larger commercial firms and those in the City will be from £58,000 to £65,000, with the larger City firms paying £80,000 or more.Feb 9, 2018

How do commercial law firms operate?

At a high level, law firms operate as a symbiotic ecosystem of paralegals, associates, partners, all working together to keep client demand met. The workloads are often challenging, so each tier of the organisation needs to work as effectively as possible.Sep 7, 2021

How much do commercial lawyers earn in Australia?

The average commercial lawyer salary in Australia is $123,689 per year or $63.43 per hour. Entry-level positions start at $111,734 per year, while most experienced workers make up to $150,000 per year.

What does a commercial lawyer do day to day?

Depending on the experience of the associate they might: advise on the structure of a transaction; negotiate and draft legal documents; research and provide advice on legal issues; manage a due diligence process or coordinate a multidisciplinary team (ie tax, employment, intellectual property, competition teams etc).

What is commercial law?

Commercial law is a set of legal rules of private law that apply to legal relationships arising from legal acts, deeds and transactions considered by law as trade deeds, as well as legal relationships in which traders are involved. Corporate and commercial lawyers are experts in company and business law.

What is the purpose of a corporate lawyer?

The goal of a corporate lawyer is to help his clients in a number of ways: by creating legal options and by providing guidance in decision-making in a commercial context. Corporate lawyers help corporate, industrial and commercial clients to manage their internal processes, ...

What is corporate and commercial law?

Corporate and commercial lawyers are experts in company and business law. They understand the minute differences between legal entities and how to use them for different purposes. They also assist companies in various transactions stemming business operations.

Job Overview

We are looking for an individual with vast knowledge of corporate law to join us as a Commercial Lawyer. You will be primarily responsible for assisting and overseeing businesses and their compliance with the corporate processes. You should be able to help businesses in reviewing and drafting contracts.

Requirements

You can also customize this job description according to your hiring requirements.

Why do I need a corporate lawyer?

Because a corporate lawyer can help you structure and plan your business for success, even if you end up going with a business structure other than a corporation. It's always a good idea to have a lawyer on board to craft your business' managing documents, review contracts, and help you make other strategy decisions.

What does a corporate lawyer represent?

When a corporate lawyer is hired by a corporation, the lawyer represents the corporate entity, not its shareholders or employees. This may be a confusing concept to grasp until you learn that a corporation is actually treated a lot like a person under the law. A corporation is a legal entity that is created under state law, ...

Is a corporation a person?

A corporation is treated as a unique entity or "person" under the law, separate from its owners or shareholders. Corporate law includes all of the legal issues that surround a corporation, which are many because corporations are subject to complex state and federal regulations.

A Word of Warning

Unfortunately, despite many commercial solicitors encouraging students at career events to apply to work at competitive firms within their commercial department, there is one fallacy that often shocks students aspiring to become commercial solicitors. It is harder than they were told it was and certainly harder than they assumed.

Why Become a Commercial Solicitor?

For me personally, the focus of this question should be split into two areas:

Are You Commercially Aware?

I believe a core part of deciding whether to become a commercial solicitor or not stems from having commercial interests. This means caring about the insolvency of a business, threats to business and the impact it has on consumers and public protection, all of which will have an impact on legal issues relating to business.

Which Law Modules do You Enjoy Most?

Importantly, your decision to become a commercial solicitor may be determined by the modules you most enjoy, or excel in. Many say that interest in contract and tort law is fundamental when it comes to a career as a commercial solicitor.

Corporate or Commercial Law?

Furthermore, there is a distinction between corporate law and commercial law that many students may overlook. Are you focusing on one and ignoring the other? It is important that you avoid doing so, both areas overlap significantly and knowledge and interest in both may certainly indicate your suitability towards a career as a commercial solicitor.

How to Be Sure

You may want to get a better idea of whether being a commercial solicitor is the right career for you by researching the career further, doing virtual internships, gaining work experience and more.